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Donald Trump hits India with highest 50% tariff for Russia crude oil buys - how will it impact Indian economy? Explained
US President Trump's imposition of a 25% additional tariff on Indian exports due to Russian oil purchases is poised to negatively impact India's economy, particularly affecting textile, marine, and leather sectors. Experts view this as a pressure tactic amid ongoing trade deal negotiations, potentially hindering India's GDP growth and straining trade relations.
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