India's trade minister said the government is taking steps to diversify exports in his first comments since Donald Trump imposed an eye-watering 50 per cent tariff on New Delhi earlier this week.
The US president slapped India with one of the steepest tariff rates after declaring a 25 per cent penalty for the South Asian country’s purchase of Russian oil to go with a previously imposed 25 per cent import levy. The punitive tariff took effect on 27 August.
