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Photo of the day: Under the shadow of tariffs

By Forbes India
Last Updated: Aug 26, 2025, 10:31 IST1 min
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Garment workers tailor clothes on sewing machines at an apparel manufacturing unit in Bengaluru on August 25, 2025. US President Donald Trump has threatened to double import duties on India from 25 to 50 percent by August 27, to punish New Delhi for buying oil from Russia, saying the purchases help Moscow fund its invasion of Ukraine." Indian exporters are scrambling for options to mitigate the fallout as it threatens to upend low-margin, labour-intensive industries ranging from gems and jewellery to textiles and seafood.
Garment workers tailor clothes on sewing machines at an apparel manufacturing unit in Bengaluru on August 25, 2025. US President Donald Trump has threatened to double import duties on India from 25 to 50 percent by August 27, to punish New Delhi for buying oil from Russia, saying the purchases help Moscow fund its invasion of Ukraine." Indian exporters are scrambling for options to mitigate the fallout as it threatens to upend low-margin, labour-intensive industries ranging from gems and jewellery to textiles and seafood.

First Published: Aug 25, 2025, 16:34

Donald TrumpNew Delhi
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