US Tariffs 📉 Trump’s 50% duty on Indian exports hits $60B trade

Ouch! US tariffs on Indian goods have doubled to 50% after Trump’s order, affecting sectors such as textiles, gems, shrimp, and leather. The move is linked to India’s Russian oil purchases, but exporters fear shipments may crash by 70%. PM Modi says India won’t bow to US pressure, urging the adoption of swadeshi goods instead. Meanwhile, analysts warn that China and Vietnam could quickly grab India’s lost market share.

• Tariffs cover 66% of Indian exports to the US.

• $60.2 billion worth of goods are at risk of losing buyers.

• Labor-heavy sectors are most exposed to cuts.

• India vows to protect small businesses & farmers.

👉 Why this matters: Millions of Indian workers may see job losses, because global trade equations shift hard due to US tariffs.
🔗 Read More: India Today

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