Source: International Business Times
Opposition activists burned an effigy of US President Donald Trump and Indian Prime Minister Narendra Modi earlier this month as negotiations took place under a cloud of US tariffs AFP Indian exports to the United States will face some of the highest tariffs in the world this week, barring a last-minute reversal from President Donald Trump. Trump has tied issues of war and peace to trade, threatening to slap 50 percent duties on New Delhi in retaliation for its continued purchases of Russian oil -- which Washington argues help finance Moscow's war in Ukraine. The tariff offensive has rattled US-India ties, given New Delhi a new incentive to repair relations with Beijing, and carries major consequences for the world's fifth-largest economy.
