An additional 25% US tariff on Indian goods is set to begin today, bringing the total tariff to 50%. This measure is described as a retaliation by the United States, which wants India to cease purchasing oil from Russia. The Indian government has stated it is prepared to counter the tariffs, with the Modi administration assuring citizens, “We are standing with our farmers.” Top officials from the commerce, finance, and external affairs ministries have held meetings to decide the next steps. The tariffs are expected to have a sweeping impact, affecting approximately two-thirds of India’s exports to the US, which represents about $60 billion in trade, and could also affect jobs. The Indian government has asserted that every country has the right to prioritize its own domestic market. #ustariffs #indiaustrade #tradewar #itwebvideos #modigovt #economicimpact #india #us #tariffs #indianexports #farmers #foreignpolicy #geopolitics #russiaoil #indiatoday #trade
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