Trade war: US tariffs on India may hurt manufacturing, labour-intensive sectors; experts warn of wider economic impact – Times of India
The recent hike in US tariffs on Indian imports could severely impact labour-intensive and manufacturing sectors in India, posing a risk to the country’s economic growth if the 50% duty continues, experts warned.They said the steep tariffs not only risk slowing exports and investment but also add pressure on the rupee, raising concerns for the…