Massive Tariffs on Indian Exports: A Heavy Blow to Trade Relations

The United States has imposed a hefty 50% tariff on Indian exports, targeting industries such as leather, chemicals, and textiles. The move is a response to India's continuous imports of Russian oil, prompting concerns among industry experts over the severe impact on domestic export sectors.

President Donald Trump announced an additional 25% tariff, raising total duties to 50% on goods from India. Notably, other nations importing Russian goods, like China and Turkey, have not faced similar tariffs. This decision is expected to slash Indian exports to the US by up to 50%, making them far more expensive.

Experts warn of heightened competition for Indian goods in the US market, with exporters expressing concerns over reduced competitiveness compared to countries with lower tariffs. The Indian government urges immediate action to mitigate the adverse effects and support affected sectors amid ongoing trade negotiations with the US.

(With inputs from agencies.)