Brief by Shorts91 NewsDesk / 05:56am on 08 Aug 2025,Friday Business
Major US retailers Amazon, Walmart, Target have halted orders from Indian suppliers following President Donald Trump’s decision to double tariffs on Indian goods to 50%. Exporters received formal notices urging them to pause apparel and textile shipments, as buyers refuse to absorb the increased costs. The tariff hike, linked to India’s continued import of Russian oil, is expected to raise export costs by 30–35%, potentially causing a 40–50% drop in US-bound orders and a $4–5 billion revenue loss. Key exporters like Welspun Living, Indo Count, Trident, and Gokaldas Exports, which rely heavily on US sales, are severely impacted. India remains firm, vowing not to compromise on national interests despite mounting trade pressure. (PC: The Times Of India & NDTV)
