Trump Sets Tariffs on India Over Russia, BRICS Ties

US President Donald Trump has imposed a 25% tariff on Indian goods, citing India's close ties with Russia, high trade barriers, and its alignment with BRICS as key reasons, along with an additional unspecified penalty related to Russian dealings. The announcement led to a sharp drop in the rupee and Indian stock markets, particularly affecting export-heavy sectors. Trump's harsh rhetoric, including labeling India and Russia as 'dead economies,' resulted in a public confrontation with former Russian President Dmitry Medvedev. Economists warn the tariffs may undermine India’s manufacturing ambitions and could reduce its economic growth by up to 40 basis points. US experts caution the tariffs will raise prices for American consumers and strain US-India relations. Indian authorities assert their commitment to a fair trade deal, though prospects for resolution appear limited.