The recent imposition of a 50% tariff on a broad range of Indian goods by the Trump administration has sent shockwaves through India's export-oriented industries.
In a significant escalation of pressure on nations continuing to engage economically with Moscow, NATO Secretary General Mark Rutte has issued a stark warning to India, China, and Brazil, indicating they could face "100% secondary sanctions" if Russia fails to negotiate a peace deal with Ukraine.
IExternal Affairs Minister S. Jaishankar and Commerce Minister Piyush Goyal both reiterated that India will not be bullied into concessions on agreements that sacrifice its sovereignty or economic agenda, even as the U.S. granted a 90-day tariff reprieve.
