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US to impose a 50% tariff on Indian exports, threatening a major hit to India's $86.5B in goods.
India's labor-intensive sectors, including textiles, gems, and shrimp exports, face a potential 70% export collapse due to US tariffs set to take effect August 27.
The tariffs, hitting 66% of India's $86.5 billion exports to the US, will impose duties of 50% or higher.
The Global Trade Research Initiative (GTRI) recommends measures such as tax reforms, ease-of-business improvements, and establishing 'India+1' hubs in the UAE, Mexico, and Africa to mitigate the impact.
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EE.UU. impondrá un arancel del 50% a las exportaciones indias, amenazando con un gran golpe a los $ 86.5B de la India en bienes.