New Delhi: India is now under the direct impact of the 50 percent tariffs of US President Donald Trump from August 27, 2025. The latest 25 percent of tariffs were imposed by President Trump on the grounds of India buying discounted Russian oil. The sectors that are set to be impacted the most are textiles, leather, and gems and jewellery.

However, industry chambers opined that India’s economy is resilient and equipped with strong macroeconomic fundamentals because of the next-gen reforms. They called for the trade diversification, promotion of MSMEs and their exports, making global economic alliances, and help building Brand India in order to facilitate market access of Indian products and services to several other international markets post the tariff implementation.

They further said that product........

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