Listeners, tensions between Washington and New Delhi over trade and tariffs have surged again, and India is feeling the squeeze. According to reporting from CBS News and NDTV, President Donald Trump has raised tariffs on a wide range of Indian goods to an effective rate of about 50%, with roughly half of that directly linked to New Delhi’s earlier purchases of discounted Russian crude oil. These higher duties now hang over an export relationship worth tens of billions of dollars, putting pressure on everything from Indian textiles and generic drugs to machinery heading into the US market.

Indian officials and industry groups say these tariffs are already eroding the price advantage that made their products competitive in the US, especially against rivals like China and Vietnam. Business press in India, including the Economic Times and the Times of India, report that exporters are warning of potential job losses in key hubs such as Gujarat’s textile belt and Hyderabad’s pharmaceutical cluster, while also flagging the risk of supply-chain shifts away from India if the dispute drags on. At the same time, India’s central bank leadership has tried to calm nerves, suggesting that the overall macroeconomic impact could be contained if firms diversify markets and move up the value chain.

On the US side, Politico reports that senior trade advisers around Trump insist there is a clear strategy: they see tariffs as leverage to force better access for American companies and to punish what they view as problematic links to Russia. In that framework, India now sits in a band of countries facing relatively high US tariff rates, both because of its use of Russian oil and persistent bilateral trade imbalances. Those same officials hint, though, that India could see relief if it continues to scale back Russian crude purchases and if the two countries can land what they call a “good deal” on broader market access.

Amid the standoff, both governments are still talking. NDTV and Indian business outlets report that a US trade team is preparing to visit India for another round of negotiations aimed at a phased agreement that could trim some of the steepest duties. New Delhi is pushing for a framework that rolls back the most painful reciprocal tariffs while keeping room to protect sensitive sectors at home. For listeners, the signal to watch is whether upcoming talks translate into a roadmap that lowers that 50% barrier and restores predictability for Indian exporters who depend on the US market.

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