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India braces for export shock as 50% US tariff takes effect
euronews (in English)
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5 months ago
India braces for export shock as 50% US tariff takes effect
The duty rate US President Donald Trump has placed on Indian goods is among the highest in the world.
READ MORE : http://www.euronews.com/2025/08/27/india-braces-for-export-shock-as-50-us-tariff-takes-effect
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00:00
India is bracing for a sharp blow to its overseas trade as steep US tariffs take effect on a range of Indian products.
00:10
US President Donald Trump had initially announced a 25% tariff on Indian goods,
00:16
but imposed an additional 25% earlier this month due to India's purchases of Russian oil,
00:22
bringing the combined tariffs to 50%.
00:26
Officials have warned the new duties could make shipments to the US commercially unviable,
00:31
triggering job losses and slower economic growth.
00:35
Labour-intensive sectors such as textiles, gems and jewellery, leather goods, food and automobiles will likely be the most impacted.
00:44
The government has begun working on reforms to boost local consumption and insulate the economy.
00:50
The trade ministry is also weighing steps to expand exports to other regions,
00:55
particularly Latin America, Africa and Southeast Asia.
00:59
Trade negotiations underway with the European Union could gain renewed urgency
01:04
as India works to reduce its dependence on the US market.
01:09
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