Trump tariff impact: India faces hard choices, says GTRI; warns of $50bn export hit

India faces a strategic dilemma as the US imposes a 50% tariff on most Indian goods, potentially costing India $50 billion. Options include negotiation, retaliation, export diversification, or offering concessions like halting Russian oil imports. Bilateral trade talks continue despite the dispute, with aims to significantly increase trade by 2030.