Trump’s 50% tariffs on India now in effect, here are the industries expected to be hit hardest

President Trump’s newly enacted 50% tariff on Indian goods follows his initial 25% measure. Officials cite India’s continuing purchase of Russian oil as a key reason for the increase, raising concerns about the effects on key export industries.

Trump’s 50% tariffs on India now in effect, here are the industries expected to be hit hardest

US tariffs on Indian goods double to 50% over Russian oil purchases

The United States has doubled tariffs on many Indian goods to 50 percent, an increase tied to India’s purchase of Russian oil. This shift comes as President Donald Trump seeks to penalize New Delhi over its economic ties with Moscow.

US tariffs on Indian goods double to 50% over Russian oil purchases