Exporters warn of job losses as U.S. imposes steep new duties on India

U.S. hikes tariffs on Indian imports to 50 percent, sparking fears of export losses, job cuts, and weakened bilateral trade ties.

Representative image / Image - Unsplash

India on Aug. 6 condemned Washington’s decision to double tariffs on Indian goods to 50 percent in retaliation for New Delhi’s continued purchase of Russian oil, warning the move could wipe out billions in exports and strain the countries’ strategic ties.

The Ministry of External Affairs called the measure “unfair, unjustified and unreasonable” and accused the United States and Europe of double standards. “Our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people,” it said.

This post is for paying subscribers only

SUBSCRIBE NOW

Comments

This is a Premium Article, available exclusively to our subscribers.

Read 500+ such News or articles every month by subscribing today!
Monthly

Free

Limited Access

Limited View

Free weekly E-Paper

Subscribe Now
Monthly

$10

Full Access

Unlimited View

Free weekly E-Paper

Free daily newsletter

Subscribe Now
Annual

$50

Full Access

Unlimited View

Free weekly E-Paper

Free daily newsletter

Subscribe Now
Start the conversation

Become a member of New India Abroad to start commenting.

Sign Up Now

Already have an account? Login