The Chemistry of PM Modi-Putin and Xi Jinping at the SCO Summit held in China has disturbed Trump. Soon after the SCO, Trump issued a statement defending his tariff move. He said that India has imposed the most tariffs on American goods in the world, while American markets are open for Indian products. Giving the example of Harley Davidson, he said that up to 200% tariffs were imposed on the motorcycle, due to which the company could not sell motorcycles in India. As a result, the company had to set up a plant in India so that the tariff could be avoided.

Xi Jinping, including Prime Minister Narendra Modi, Russian President Vladimir Putin, attended the SCO summit. This was the first time after the tariff was imposed by America, when the leaders of three big countries of the world appeared under one roof. After this, the manner in which Trump has targeted the tariff and targeted India is clearly visible. However, India has clearly stated that it is not going to come in front of America under any kind of pressure. During this time, trade talks between the two countries are also going on, in which no solution has been found so far.

The news is being updated …

Us high tarifs impact on india: The US has announced to impose 50 percent additional import duty on Indian products, which will be applicable from 27 August 2025. This decision will affect India’s more than $ 60 billion of India’s exports of $ 86 billion. Its most impact will be on the labor areas like shrimp, apparel, leather and gems and jewelery.

It will be directly shocked on the apparel sector, as it exports $ 10.3 billion. This is also a big setback for gems and jewelery sectors, because America is the largest market in this industry. Many exporters believe that jobs are fixed in these areas.

Many areas affected by Trump’s high tariff

The export of shrimp and seafoods will also be severely affected. Leather and footwear industry may have to stop production and reduce the number of employees. At the same time, competition will be weakened in sectors like carpet and furniture.

According to the Global Trade Research Initiative (GTRI) report, the US fee will affect India’s exports to about 66 percent of the exports to the US. From August 27, a 50 percent fee will be levied on products worth $ 60.2 billion, including textiles, gems and shrimp.

What will be the effect of increasing US tariff?

The institute’s co-founder Ajay Srivastava said that this is the biggest trade shock for India in recent years. According to him, India’s exports to America can decrease to about $ 49.6 billion in FY 2025-26. This decision will benefit competitive countries like China, Vietnam, Mexico, Turkas and even Pakistan, Nepal and Kenya.

It is worth noting that due to buying oil from Russia during Ukraine War, America has imposed an additional 25 percent tariff on India. While 25 percent tariff is already imposed. In such a situation, the total rates of tariffs will increase to 50 percent from Wednesday. This is a big restriction on New Delhi in recent years.

Also read: India GDP: The news that has given a shock to India between US high tariffs, now what will the government do

US Trump Tariff News: US President Donald Trump has imposed a 26% tariff on Indian goods, but instead of responding to this, the Government of India is focusing on completing the trade agreement with the US as soon as possible.

Trump had said in his order that if the countries which take the right steps to improve the disturbances related to trade, then they can be given some relief. The government is currently expressing confidence in this.

Big claim made in the report

Talking to the Reuters, a government official said that after the US imposing 26% tariff (fee) on Indian goods, India is currently planning to impose any retaliation on America. Instead, India is now focusing on completing the trade agreement with America quickly.

The official also said that the government is relying on the order of Trump, which says that the countries who are trying to balance trade can get some relief from the tariff. This decision of Trump has led to a decline in the world markets as well as India’s stock market. The Sensex fell down 1.6% in just two days.

India is satisfied with this

Another government official told the Reuters that India is satisfied that it is one of the first countries to start a trade agreement with the US. America’s tariff decision has affected many countries in Asia. China has a 34% tariff of 34%, 46% on Vietnam and 32% on Indonesia. China has said in response that it will impose 34% tariffs on all goods coming from America from April 10.

At the same time, Indonesia has made it clear that it will not take any retaliation. Vietnam, which is now becoming a new manufacturing and export center instead of China, has agreed to completely eliminate its tariffs under a possible trade agreement.