India braces for hit to $64 billion US exports amid rising tensions with Washington

  • Posted on August 6, 2025
  • By Business News Today
  • 3 Views
India braces for hit to $64 billion US exports amid rising tensions with Washington

India anticipates losing its competitive edge on approximately $64 billion worth of exports to the U.S. due to President Trump's 25% tariff and a potential 10% penalty on Russian oil purchases. This could significantly impact India's exports, particularly in sectors like garments, pharmaceuticals, and petrochemicals, leading to potential price disadvantages.
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