'No Cause For Panic, Trump Tariff Impact Unlikely To Be Severe': Report

There is no cause for panic, say sources, as US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.

Aug 27, 2025 - 23:08
'No Cause For Panic, Trump Tariff Impact Unlikely To Be Severe': Report
There is no cause for panic, say sources, as US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.