
Overview: Trump’s Tariff Escalation On August 6, 2025, President Trump raised tariffs on Indian goods to 50%, citing India’s continued imports of Russian oil and, in his view, indirect support to Russia’s war effort. Industries hardest hit include textiles, gems, electronics, auto components, and more, with textile exports—accounting for 28% of India’s $35B textile trade with the U.S.—particularly vulnerable. India’s...