While India will keep negotiating a trade deal with Washington, it will remain protective of its agricultural sector and continue purchasing Russian oil, heightening the risk of prolonged exposure to high U.S. tariffs that will strain India's exports. On Aug. 27, the administration of U.S. President Donald Trump implemented an additional 25% tariff on Indian imports, raising the total rate to 50%. These tariffs are linked to India's continued purchases of Russian oil, which the White House alleges are funding Russia's war efforts in Ukraine. While other major importers of Russian oil, such as China and Turkey, were notably not targeted with U.S. tariffs, India's exports -- particularly in labor-intensive sectors like garments, gems and jewelry -- are significantly affected....
