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International Business Times
International Business Times
Business

SHOCKING: Indian readies for punishing us tariffs - What They Never Told You

India Donald Trump United States Narendra Modi Subrahmanyam Jaishankar Nandan Unnikrishnan Oil New Delhi Moscow Washington D.C.
Opposition activists burned an effigy of US President Donald Trump and Indian Prime Minister Narendra Modi earlier this month as negotiations took place under a cloud of US tariffs (Credit: AFP)

Indian exports to the United States will face some of the highest tariffs in the world this week, barring a last-minute reversal from President Donald Trump.

Trump has tied issues of war and peace to trade, threatening to slap 50 percent duties on New Delhi in retaliation for its continued purchases of Russian oil -- which Washington argues help finance Moscow's war in Ukraine.

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