India makes ACs, tea, school supplies cheaper to mitigate shock of US tariffs India's exports to the US could drop by as much as $35bn (£26.1bn) this financial year and put hundreds of thousands of jobs across key industries like textiles, gems and jewellery and leather at risk. "Retaliation is a very costly and unproductive strategy because at the end of the day India depends more on the United States than is the case in reverse," Ashley Tellis, a professor at the Carnegie Endowment for International Peace, told The Wire portal in an interview. "India should wait at least six months to assess the full extent of US actions—not just the 50% tariffs but also any additional measures that may follow, given the unpredictability of Trump and his advisers," Srivastava said.
Published at: 2025-09-03 22:31:49
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