The deadline for the United States to impose an additional 25% tariff on Indian goods has arrived, bringing the total tariff rate to 50%. Industries such as textiles, shrimps, gems, and leather are already feeling the impact of these measures. US President Donald Trump justified the tariffs by citing India’s procurement of oil and defense equipment from Russia. In response, Prime Minister Modi chaired a key meeting to mitigate the effects, asserting India’s right to protect its national and strategic economic interests. An expert noted the severity of the situation, stating, "50% tariff is a big number. It will impact our exports, the dollar volume, and also it would imply, back end in India, it will mean job losses in some sectors." India plans to counter by diversifying export markets and improving domestic productivity. #tradewar #ustariffs #indiausrelations #itwebvideos #donaldtrump #narendramodi #economicimpact #indianeconomy #exports #makeinindia #tariffs #trade #usindia #foreignpolicy #globaltrade #joblosses
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