New Delhi, Aug. 7 -- The Chamber of Trade and Industry (CTI) has raised alarm over the recent U.S. tariff hike plans, warning that increasing duties to 50 per cent on Indian goods could severely impact India's export-driven businesses.

CTI Chairman Brijesh Goyal has written to Prime Minister Narendra Modi, urging swift and strategic action, including imposing retaliatory tariffs on goods imported from the United States.

In his letter, Goyal stated that American President Donald Trump, after previously announcing a 25 per cent tariff on Indian imports, has now proposed to double it to 50% from August 27. This sudden escalation has created confusion and unrest among Indian exporters and manufacturers, particularly those with ongoing shipm...