US President Donald Trump has ratcheted up tariffs on Indian goods to 50 per cent, which will come into effect from August 27. India had called US' tariffs "unfair, unjustified and unreasonable," insisting that New Delhi will take all necessary actions to protect its national interests.

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. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.

Donald Trump increased tariffs on Indian goods. The White House stated this was to pressure Russia to end the Ukraine conflict. This followed meetings between Trump and Volodymyr Zelenskyy. Trump aims for trilateral talks with Vladimir Putin.

US White House Press Secretary Karoline Leavitt on Tuesday (local time) said that US President Donald Trump imposed tariffs on India to deter Russia from pursuing the Ukraine conflict.

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%.

Chinese Foreign Minister Wang Yi arrived in New Delhi on Monday for a two-day visit viewed by many as the first indication of a thaw in relations between two rivals.

S and P Global Ratings on Tuesday said high US tariffs are unlikely to impact India's long-term growth prospects as the government is focused on economic reforms and trying to improve the standard of

India’s economic outlook could be set for a major shift, with three key developments — the recent S&P credit rating upgrade, a major revamp of the GST structure and changing US trade tariffs — likely to play a crucial role in shaping the country’s growth path,