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US tariff threat sends Indian exporters scrambling, jobs on the line

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US tariff threat sends Indian exporters scrambling, jobs on the line

AI Summary

Indian exporters face potential job losses and economic disruption due to US President Trump's threatened 50% tariff on Indian goods if India continues buying Russian oil. The tariff, set to take effect after August 27th, targets US$87 billion worth of Indian exports, impacting industries like textiles, gems, and seafood. Exporters are rushing to fulfill orders before the deadline, but acknowledge this is a temporary fix. The potential 60% drop in US sales in 2025 poses a significant threat to Indian businesses and employment.

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