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flag U.S. raises tariffs on Indian exports to 50%, impacting $48.2 billion in trade.

flag The U.S. has imposed 50% tariffs on Indian exports, threatening $48.2 billion in trade. flag Initially announced at 25%, the tariffs rose after India purchased Russian oil. flag Labor-intensive sectors like textiles, gems, and automobiles will be hit hardest, potentially leading to job losses and slower economic growth. flag The U.S. exempted pharmaceuticals and electronics from the tariffs. flag India is exploring ways to boost local consumption and expand trade with other countries to mitigate the impact.

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