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News in English (USA) / 03.08.2025 / 00:00

India Faces Economic Turmoil Amid Trump’s 25% Tariff Threat

Indian businesses in Southern California are preparing for a potential 25% tariff hike imposed by President Trump, which they warn will make operating costs more burdensome. This move has strained US-India relations, with concerns rising over its impact on trade, particularly in the agricultural sector where farmers are preparing to defend their interests amid opposition fury. The Sensex has seen significant losses, resulting in a massive loss for investors, as market responses to the tariff news unfold. Meanwhile, India is seeking a fair trade deal with the US while also exploring options to placate Trump, despite the looming threat of additional penalties related to Russian oil purchases. Analysts suggest that these tariffs could backfire, potentially strengthening ties between India and China, while Indian apparel exporters warn of possible mass layoffs due to the escalating trade tensions.
Los Angeles Times, The Wall Street Journal, The New York Times, BBC, Mint, The Economic Times, Moneycontrol, Financial Times, Reuters, MSNBC News