U.S. President Donald Trump has raised tariffs on some Indian goods to 50%, doubling the earlier 25% rate. President Trump has taken this decision because India continues to buy oil from Russia. He wants to pressure India and other countries to reduce ties with Russia. The new tariffs will affect important Indian exports like textiles, gems, leather, and medicines. These are some of the top items India sells to the U.S., its biggest trading partner.
The Indian government has called this action “unfair and politically motivated.” They also pointed out that other countries still buy Russian oil but haven’t been punished. After Trump’s decision, India’s stock market reacted quickly. The rupee fell slightly, and businesses are worried that sales to the U.S. will drop. Many exporters are afraid they’ll lose money, and some foreign investors might pull out if the situation gets worse. This trade tension is adding strain to the relationship between the U.S. and India. If it continues, it could hurt India’s economy and affect global trade as well.
