Trump's Tariff Shock: 26% Duty Hits Indian Exports
President Donald Trump's sweeping 26% tariffs on India came into full effect on Wednesday morning
Narendra Modi just left the US recently. He’s a great friend of mine, but I told him, 'you're a friend of mine, but you've not been treating us right.' India charges us 52%, so we’ll charge them half – 26%," Trump said
Indian exporters fear a massive hit to textile, automotive, and electronics sectors as the US becomes a less competitive market
The Indian government holds urgent meetings to assess the economic fallout and explore diplomatic options
Economists warn the tariffs could slow India’s projected economic growth for FY 2025–26
Experts say American consumers may also suffer from rising prices due to costlier Indian imports
Speculation grows over India considering a reciprocal tariff policy on select US goods