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US-India Trade: Trump Announces 50% Tariffs on India; PM Modi's 'Swadeshi' Push | WION

The US government is set to impose an additional 25% tariff on Indian goods starting today, bringing the total tariff rate to 50%. This move is in response to India's increased purchases of Russian oil and aims to exert trade pressure on the Asian nation. The tariffs could severely impact Indian exports, particularly in sectors like textiles, gems and jewelry, seafood, and furniture, potentially disrupting $48 billion worth of India's exports to the US.

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