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August 7, 2025August 7, 2025

How will Trump’s 50% tariffs on India impact its economy?

India’s economy could take a multibillion dollar hit after President Donald Trump raised tariffs on Indian goods to 50% — one of the highest levies on any trading partner — over objections to the South Asian country’s oil trade with Russia. Trump had previously imposed tariffs of 25% on Indian goods due to the country’s high trade…

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