Trump Targets India with 50% Tariffs Over Russian Oil Trade
The decision to raise tariffs on indian goods to 50% is not just a diplomatic gesture, it's a calculated economic pressure tactic. Trump's administration argues that India's continued import of Russian Oil undermines Western Sanctions and indirectly prolongs the war in Ukraine. By targeting high-value export sectors like textiles, jewelry, and auto components, the U.S. aims to hit India where it hurts most: its labor-intensive manufacturing industries. Economists warn that these tariffs will likely increase consumer prices in the U.S., as Indian goods are often cheaper alternatives to domestic products. Meanwhile, Indian exporters fear losing a substantial share of their largest foreign Market
India's Response and Retaliation Possibilities
India has reacted strongly, calling the move unjust ' and ' economically destabilizing. At the same time, the indian government hasn't officially announced counter-tarrifs yet, sources suggest that policymakers are evaluating a range of options- from raising import duties on American agricultural goods to delaying large U.S. Defence and technology deals. The brewing TRADE conflict could escalate into a full-blown Economic standoff if neither side compromises before the tariffs take effect on August 27.
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