New Delhi, Aug. 28 -- US President Donald Trump's 50% tariffs on Indian goods came into effect on Wednesday, August 28, raising fears of unemployment and economic challenges for India's US-oriented exporters.

The US president followed through on his threat to punish one of the world's largest economies for its purchases of discounted Russian oil.

The 50 per cent tariff effective from August 27 hit major sectors, including textiles, gems and jewellery, shrimp, leather, footwear, chemicals, and machinery.

Indian industry bodies acknowledged the challenges but also exuded confidence that Trump's tariffs would offer India an opportunity to strengthen its role as a resilient and future-ready trading partner.

German newspaper Frankfurter Al...