Trump’s tariff bomb on India: US issues notice to implement 50% ‘sanctions’

 The US has imposed a 50% tariff on most goods imported from India, citing India’s indirect import of Russian oil and alleged threats to the US. This action, impacting sectors like textiles and seafood, exempts pharmaceuticals and electronics. Analysts predict a potential GDP reduction for India, although the impact is moderated by domestic consumption. The US has imposed a 50% tariff on most goods imported from India, citing India’s indirect import of Russian oil and alleged threats to the US. This action, impacting sectors like textiles and seafood, exempts pharmaceuticals and electronics. Analysts predict a potential GDP reduction for India, although the impact is moderated by domestic consumption.