White House trade adviser Peter Navarro confirmed that President Donald Trump’s 50% tariffs on Indian imports have officially taken effect, escalating trade tensions between Washington and New Delhi.
Key facts:
- The tariffs apply broadly to Indian imports at a 50% rate.
- Announcement was confirmed by White House trade adviser Peter Navarro.
- The move marks a significant escalation in U.S.-India trade relations.
Relevant Companies
- Walmart ($WMT): Relies on Indian suppliers for consumer goods and apparel sourcing.
- Target ($TGT): Could face higher costs on imported Indian textiles and home goods.
- Tata Motors ($TTM): Indian automaker listed in the U.S. that may be directly affected by higher tariffs.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
