WASHINGTON —
President Donald Trump's 50% tariffs on imports from India take effect today, impacting a range of products including clothing, auto parts, and jewelry, while electronic goods and pharmaceuticals remain exempt.
The Global Trade Research Initiative , a New Delhi-based think tank, estimates that textiles, gems, leather goods, food, and automobile parts sectors will be hit the hardest. Advertisement
Electronic goods like iPhones and pharmaceuticals are not affected by the tariffs, so medications and technology purchases will not be impacted.
The Indian government estimates the tariffs will affect $48 billion worth of exports.
Trump said the reason for this tax hike is that India was purchasing oil from Russia.
Russia uses the money from its oil sales to finance the wa