New Delhi, Aug. 27 -- The 50 per cent tariffs on Indian goods imposed by the Donald Trump administration came into force on Wednesday, following a notice by the US Customs and Border Protection (CBP). The move poses serious challenges for India's US-oriented exporters.

According to an analysis by ICRIER, it exposes nearly 70 per cent of India's exports, worth USD 60.85 billion, to the elevated duties.

US President Trump, who has on several occasions described India as a "tariff king," and cited the trade deficit with India and New Delhi's continued purchases of Russian oil and military equipment as reasons for the move.

Meanwhile, Prime Minister Narendra Modi asserted that his government would shield small entrepreneurs, farmers, and l...