The USA’ 50% tariff on Indian items got here into impact this Wednesday, making India the goal of President Donald Trump’s largest import duties in Asia. Half of those levies have been imposed due to India’s purchases of Russian crude oil, which have surged for the reason that begin of the warfare in Ukraine. On this version, we see what impression the transfer may have on the Indian financial system and the way the federal government of Prime Minister Narendra Modi has responded to the worsening ties with the White Home.
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