India, Sept. 12 -- Donald Trump's decision to slap an unprecedented 50 per cent tariff on Indian exports has jolted bilateral trade relations. The move risks undermining ties with India, a vital strategic partner, even as New Delhi opts for restraint - focusing instead on diversifying its export markets rather than retaliating

Donald Trump's slapping an unprecedented 50 per cent tariff on India translates into loss of the American market for textiles, leather, auto parts, gems and jewellery, shrimp etc. American importers and consumers can absorb at the most 15 per cent of the increased cost, and exporters can take a shock of 5 per cent; beyond this the export remains non-viable. In other words, America has put an embargo on trade of the...