US-India tariff war: FIEO warns MSMEs could take major hit; 50% tariffs to affect 55% of shipments

Indian exporters face a major setback as the US imposes a steep 50% tariff on most Indian goods due to continued Russian oil purchases. The Federation of Indian Export Organisations (FIEO) expressed shock, highlighting that sectors like textiles and leather will be severely affected.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5QboExa