Brief by Shorts91 Newsdesk / 07:38pm on 27 Aug 2025,Wednesday India Global
A report has said there is no cause for panic after the United States imposed 50% tariffs on many Indian products. The duties, which took effect Wednesday, doubled the earlier tax as President Donald Trump targeted India over Russian oil imports. Sources told PTI the impact is unlikely to be severe due to the diverse nature of Indian exports. US Treasury Secretary Scott Bessent said ties with India remain strong, adding, “At the end of the day, we will come together.” Economists urged India to strengthen supply chains, boost 'Make in India 2.0,' and expand export markets. (PC: NDTV)
