PUNISHING INCREASE: Will the Indian economy survive Trump’s high tariffs?
By Fawzia Moodley:
Narendra Modi and Trump at the United Nations. (Image: Official White House Photo by Shealah Craighead)
Donald Trump has slapped tough tariffs on India, which is bracing for even more punishing trade levies from the world’s most powerful country. On August 6, the US imposed an additional 25% to the 25% tariffs already announced by Trump against India, to come into effect in 21 days.
Unless there is a breakthrough in negotiations, the resultant 50% tariffs will be among the highest imposed by the US on any country so far. Prime Minister Narendra Modi, who has enjoyed cordial relations with Trump until now, was understandably taken aback by the harsh measures, and India, while hoping for a thaw in Trump’s stance, is bracing itself for the impact of th...




