From jobs to growth, what’s at stake for India as Trump’s 50% tariffs kick in?

It’s Trump tariff day in India. At 9.31 am, local time, the US president’s new tariff rate of 50 per cent kicks in, which is expected to pose a big challenge to India and its exporters. While 25 per cent tariffs were already in place, another 25 per cent will be imposed starting today as a result of New Delhi’s purchase of Russian oil.

Notably, just two days before the tariffs kicked in, Prime Minister Narendra Modi said at an event in Gujarat’s Ahmebadad that it as an era of “economic selfishness” where nations secure their own interests first. He insisted India would withstand the pressure: “No matter how high the pressure, India will continue to build its strength to withstand it.”