New Delhi, Aug. 9 -- From the additional 25% tariffs imposed on India by the US, to lower inflation projections by the Reserve Bank of India, to a potential deal worth billions between India and the US, here are this week's news in numbers:
Days after imposing a 25% tariff on Indian imports, US President Trump announced an additional 25% penalty tariff for trade ties with Russia. This brings India's total reciprocal tariff burden to 50%, placing it among countries facing the highest US tariff rates.
This has also led to a huge trade disadvantage for India compared to many of its peers that are facing 19-30% tariffs. India has called the move unfair and said it would take "all actions necessary" to protect its national interests.
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