U.S. tariffs cause turmoil in Indian textile sector

The Indian textile industry is in a state of alarm as U.S. President Donald Trump's administration has imposed an additional 25 percent tariff on Indian goods, bringing the total levy on certain products to over 50 percent. The move, announced on Wednesday, is a direct response to India's continued imports of Russian oil. While an initial 25 percent tariff has already taken effect, the new rate will be implemented on August 27.