Aug 11, 2025

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Trade imbalance, higher cost for exports: What it means for India as Trump's tariff increases to 50%

US President Donald Trump on Wednesday imposed an additional 25 per cent tariff, increasing it to 50 per cent, on goods coming from India as penalty for New Delhi's continued purchase of Russian oil, a move that is likely to hit sectors such as textiles, marine and leather exports hard.

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