A decision by US President Donald Trump to double tariffs on Indian imports took effect on Wednesday, raising duties to 50% on a wide range of products.
India’s Commerce Ministry said affected exporters would receive financial support and be encouraged to diversify into markets such as China, Latin America, and the Middle East. The US Customs and Border Protection agency granted a three-week exemption for shipments already en route before the deadline.
Bilateral trade in goods totaled $129B in 2024, with the US posting a $45.8B deficit. Export groups estimate the higher tariffs could hit 55% of India’s $87B in shipments to the US, opening opportunities for competitors like Vietnam, Bangladesh, and China.
Hence then, the article about trump tariffs on indian goods double to 50 was published today ( ) and is available on SHAFAQ NEWS ( Iraq ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump tariffs on Indian goods double to 50% )
Also on site :
- Chipotle Is Bringing Back Its Record-Breaking BOGO Deal on Friday the 13th—With a Limited-Edition Wiz Khalifa Bag—And You Don’t Even Need a Real Tattoo
- ‘Love Is Blind’ Reunion Goes Off the Rails for Michaella Giorgio With Stage Fall, Explosive Fight and Mushrooms Confession
- ‘American Idol’ Star Reveals Dark Spiral After Hollywood Dreams Crumbled: ‘I Became Less and Less Like Myself’