US imposes 25 percent tariffs on India: How will it affect the apparel industry?

The U.S. Donald Trump has announced 25 percent tariffs on goods starting today. The move, which singles out India for harsher trade conditions than its major peers, has drawn outrage from India's opposition and caused a slump in the rupee. India's government has vowed to protect its labor-intensive agriculture sector and remains committed to a "fair, balanced and mutually beneficial bilateral trade agreement," according to the BBC.