Trump’s 50% tariffs on India take effect: Industry analysts warn of fallout as export hubs brace for pain; trade deal still in limbo— key takeaways

US tariffs on Indian goods have doubled to 50% due to Russian oil purchases, impacting $47-48 billion in exports. Indian industries face cost disadvantages against competitors like Vietnam and China. While India stands firm, experts warn of a 'lose-lose' situation, potentially harming both economies. The US could see GDP decline and rising inflation, with trade talks remaining tense.