Trump tariff hikes are here—and they’re hurting. From August 27, the US will double tariffs to 50% on Indian exports like seafood, textiles, jewelry, and auto parts. Trump says it’s because India keeps buying oil from Russia. Now, Indian businesses are in panic mode, trying to deal with the tariff blow.
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Seafood exporters call it a “doomsday” hit
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Textile makers stop US orders. 🚫
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Jewellery firms plan moves to Dubai & Mexico
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Auto parts exports may slow down badly
👉 Why this matters: This Trump tariff hike could mean job losses, slower economic growth, and big trouble for small businesses.
🔗 Source: India Today
🖋️ Written and summarized by our editorial team using AI assistance and human review.
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