The United States’ 50% tariff on Indian goods came into effect this Wednesday, making India the target of President Donald Trump’s largest import duties in Asia. Half of these levies have been imposed because of India’s purchases of Russian crude oil, which have surged since the start of the war in Ukraine. In this edition, we see what impact the move could have on the Indian economy and how the government of Prime Minister Narendra Modi has responded to the worsening ties with the White House.
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US Federal Reserve cuts rate by 25 basis points, but dissenting voices heard – Business
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