India’s shipping trade braces for impact as Trump imposed new tariffs

India’s maritime trade could soon face turbulent waters as US President Donald Trump has announced plans to impose a sweeping 25% tariff on Indian goods starting August 1, with the possibility of additional penalties tied to India’s energy dealings with Russia.

Trump accused India of maintaining the most strenuous and obnoxious non-monetary trade barriers in the world, despite New Delhi’s recent efforts to revise its tariff structure and offer trade concessions to Washington.