Trump’s 50% tariffs on India take effect: Industry analysts warn of fallout as export hubs brace for pain; trade deal still in limbo— key takeaways
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US tariffs on Indian goods have doubled to 50% due to Russian oil purchases, impacting $47-48 billion in exports. Indian industries face cost disadvantages against competitors like Vietnam and China. While India stands firm, experts warn of a 'lose-lose' situation, potentially harming both economies. The US could see GDP decline and rising inflation, with trade talks remaining tense. What's Your Reaction?
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