Indian textiles, jewellery at risk of 50% Trump tariffs; pharma, phones exempt

The United States has imposed a 25% tariff on Indian goods. This is due to India's continued purchase of Russian oil. The new tax will affect gems, jewellery, textiles, and auto components. Smartphone, pharmaceutical, and energy sectors are exempt. The tariffs could significantly impact Indian exports. Some industries are already expressing concern. The tariffs are set to take effect soon.