Indian exports to the United States will face some of the highest tariffs in the world this week, barring a last-minute reversal from President Donald Trump.
Trump has tied issues of war and peace to trade, threatening to slap 50 percent duties on New Delhi in retaliation for its continued purchases of Russian oil -- which Washington argues help finance Moscow's war in Ukraine.
The tariff offensive has rattled US-India ties, given New Delhi a new incentive to repair relations with Beijing, and carries major consequences for the world’s fifth-largest economy.
Trump issued a three-week deadline on August 6, which is expected to take effect on Wednesday morning in India.
- How bad will it be? -
The United States was India's top export destination in 2024, with shipments worth $87.3 billi