Intro:
India's finance ministry says the immediate hit from the 50% US tariffs is limited, but knock‑on effects pose economic challenges.
The US's 25% additional duty on Indian goods came into effect on August 27, doubling the tariff burden on two thirds of Indian exports to the US.
Washington ties the move to India's Russian oil purchases after trade talks collapsed.
Correspondent Ishan Garg has more.
IN: India's finance ministry...
India's finance ministry says the immediate hit from the 50% US tariffs is limited, but knock‑on effects pose economic challenges.
The US's 25% additional duty on Indian goods came into effect on August 27, doubling the tariff burden on two thirds of Indian exports to the US.
Washington ties the move to India's Russian oil purchases after trade talks collapsed.
Correspondent Ishan Garg has more.
IN: India's finance ministry...
OUT: SOC
Duration: 42 seconds