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International Business Times
International Business Times
Business

India Exporters Say 50% Trump Levy A 'Severe Setback'

Indian exporters warned that the cost of additional US tariffs totalling 50 percent risked making businesses "not viable" (Credit: AFP)

Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses "not viable" after President Donald Trump ordered steeper levies totalling 50 percent on imported Indian goods.

Prime Minister Narendra Modi said he was willing to "pay a great personal price", while opposition Congress party leader Rahul Gandhi called the levies "economic blackmail" and "an attempt to bully India into an unfair trade deal".

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