Fifty percent tariffs were imposed by the United States on Indian goods after Washington doubled levies from 25 percent, citing India's purchase of Russian oil. The White House asserts that India's government, as a top buyer of Russian crude, is financing Moscow's war in Ukraine. Indian officials accuse the US of double standards, noting larger Russian purchases by the European Union and China and continuing US trade with Moscow. Traders and exporters warn that the tariffs and stalled negotiations risk massive export disruption; buyers may shift sourcing away from India, threatening jobs in textiles, garment accessories, and shrimp peeling units. Exporters report immediate order cancellations, lost business in the US market and heightened uncertainty for production cycles planned years in advance.
On Wednesday morning, India woke up to 50 percent tariffs imposed on its goods sold to the US, after the Trump administration followed through on its threat of doubling levies from 25 percent over India's purchase of Russian oil. The White House says Prime Minister Narendra Modi's government, among the top buyers of crude from Russia, is financing Moscow's war in Ukraine.
Maybe Trump is just bullying us for optics, or maybe Modi's good relations with the US will rescue the situation, he thought. But we were the worst dealt. In the fashion world, the cycle runs a year ahead, explains Gupta clothes are being designed and made for autumn 2026 at the moment. So, the hovering uncertainty in the market has hampered the work badly, leaving a big dent, he said.
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