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Fortune
Fortune
Angela Chitkara, Matthew Rees

From Iselin to India: What we learned about tariffs, trade and trust

Little India (Credit: courtesy of Angela Chitkara)

Iselin, New Jersey

It’s Diwali season — a five-day period when Hindus around the world commemorate the triumph of light over darkness on the Indian subcontinent centuries ago. But the colorful Diwali celebrations held annually in Indian-American communities throughout the United States are more muted this year compared to the past. The reason? Prices on everything from saris to spices have skyrocketed since August 27. That was the day President Trump imposed 50% tariffs on goods imported from India.    

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