India Exporters Say 50% Trump Levy ‘Severe Setback’

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Indian exporters warned that additional US tariffs risked making businesses “not viable” after President Donald Trump ordered steeper levies on Indian goods over New Delhi’s purchasing of Russian oil.

Stocks opened marginally lower on Thursday, with the benchmark Nifty index down 0.31 per cent after an initial 25 per cent US tariff came into effect.

But that will be doubled in three weeks,…

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