Trade Tensions Surge: U.S. Slaps 25% Tariff on Indian Goods
The United States has imposed a 25% tariff on Indian goods citing India's imports of Russian oil, aggravating tensions between the two nations after failed trade talks. This move affects key Indian export sectors and challenges U.S.-India relations as India explores new alliances.
The conflict between the U.S. and India has reached new heights as President Donald Trump announced a 25% tariff hike on Indian goods, further complicating a relationship already strained over trade disagreements and India's energy dealings with Russia.
The additional tariffs will impact major Indian exports such as textiles, footwear, and gems, threatening to significantly undermine bilateral trade which has already suffered from earlier deadlocked negotiations. Analysts warn the tariffs could disrupt Indian exports and place the rupee under pressure amid growing calls for fiscal intervention.
India's external affairs ministry expressed deep regret over the U.S.'s move and reaffirmed its commitment to safeguarding national interests. As India reconsiders its global partnerships, Prime Minister Narendra Modi's forthcoming visit to China signals potential shifts in geopolitical alliances.
(With inputs from agencies.)
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