Trump's 50% tariffs in effect on India, set to impact labour-intensive sectors

US President Donald Trump’s fresh 25% tariffs on Indian goods took effect Wednesday, doubling the total duties to 50% after New Delhi stood firm on Russian oil imports. The hike, effective from 9:30 a.m., threatens $60.2B worth of Indian exports, with labour-heavy sectors like textiles, gems, jewellery, shrimp, carpets, and furniture facing shipment drops of up to 70%, putting millions of jobs at risk and clouding growth prospects.