Donald Trump’s Tariff Decision: 70% of Exports to America Halted, Economy Faces Major Impact

In Brief

• Economy in Trouble Due to Trump's Tariff

• 70% Export to America Halted

• Impact of Tariff on Indian Economy

(Donald Trump Tariff) Concerning news has emerged for the Indian economy. The direct impact of the tariffs imposed by U.S. President Donald Trump on India is now becoming evident, and the new statistics show its shadow on the country's growth rate. The U.S. imposed a 50% tariff on India against the backdrop of the Russia-Ukraine war.

As India is purchasing oil in large quantities from Russia, this decision has severely impacted India's exports. Almost 70% of exports to the U.S. have decreased. As a result, many traders have had to stop exporting certain goods. The impact of this tariff is being seen on India's economy.

70% of exports from India to the United States have stopped. The trade between India and the United States is in billions. However, after the tariffs imposed by the United States, sending goods to the United States has become difficult.

Meanwhile, India has purchased more oil from Russia in the month of September, and this figure has increased compared to August. Efforts to increase trade with other countries are also underway. Nevertheless, the direct impact of the tariffs is visible on the Indian economy, making the coming months potentially challenging.