An employee works at a garment factory in Tiruppur, in India’s southern state of Tamil Nadu. Trump’s 50 percent tariffs on Indian goods, imposed in August, have upset the country’s $11 billion textile export industry and shaken confidence in the U.S. market.
R. SATISH BABU/AFP via Getty Images
In the past few months, India has taken steps to effectively adapt to the barrage of trade policies being weaponized by U.S. President Donald Trump, who implemented tariffs to disrupt India’s pharmaceutical drugs in October, and raised H-1B visa costs that are crucial for growth of Indian IT services sector last month.
With an aim to adversely impact India’s purchases of Russian oil, in August the U.S. has also imposed 50% tariffs on India’s exports, which are worth more than $48 billion, apparel and textiles, gems and jewelry, shrimp, leather, chemicals, electrical and mechanical machinery…
