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U.S. raises tariffs on Indian exports to 50%, impacting $48.2 billion in trade.
The U.S. has imposed 50% tariffs on Indian exports, threatening $48.2 billion in trade.
Initially announced at 25%, the tariffs rose after India purchased Russian oil.
Labor-intensive sectors like textiles, gems, and automobiles will be hit hardest, potentially leading to job losses and slower economic growth.
The U.S. exempted pharmaceuticals and electronics from the tariffs.
India is exploring ways to boost local consumption and expand trade with other countries to mitigate the impact.
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Estados Unidos eleva los aranceles a las exportaciones indias al 50%, impactando $ 48.2 mil millones en el comercio.