By Rishika Sadam HYDERABAD, India/GUAYAQUIL, Ecuador (Reuters) -On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States.

U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.

White House Press Secretary Karoline Leavitt has said that President Donald Trump had imposed "sanctions" on India as part of a strategy to indirectly pressure Russia to stop the war in Ukraine, India Today reported.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,

India’s largest shoemaker Farida Group had already staked out the land — a 150-acre plot in southern Tamil Nadu — for a sprawling new export facility. Then came the blow from Washington: President Donald Trump announced he was doubling tariffs on Indian exports to 50%.

A day after President Donald Trump’s sweeping tariffs took effect across more than 90 countries, American retailers such as Walmart, Amazon, and Target have reportedly halted orders from India. With a 25 per cent tariff imposed on Indian goods,

Mutual distrust remains deep but progress reflects pragmatic efforts on both sides to gain leverage in shifting global order, experts say.

The Trump administration’s proposed high tariffs on Indian imports raise concerns about the U.S.-India partnership. But the rates seem to be part of a negotiating tactic aimed at concluding a trade

India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".

Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers says India's biggest GST revamp in 8 years is "much needed" which will help boost the Indian economy. However, he doesn't think it will entirely neutralize Trump's tariffs if they were to stay at 50%.