India Hit Hardest In Asia As Trump Slaps 25% Tariff Plus Penalty; Key Sectors Face Export Shock

US President Trump has announced a 25% tariff on Indian exports, effective August 1, impacting sectors like electronics, pharmaceuticals, and jewellery. Trump criticized India's tariffs as "among the highest in the World" and hinted at penalties related to Russian energy purchases. This decision challenges India's trade expectations, potentially affecting 10% of its exports and disrupting key industries.