Today Indian rupee (INR) broke a new all-time low record against the USD due to the 50% tariff by U.S. for India. It's very sad news for us 50% tariff on India is completely illegal, also confirmed by their U.S. court.
Why 50% high tariff on India?
U.S. President Donald Trump sought to punish every country who buys Russian oil and weapons. That's why Donald Trump set 50% high tariff on India and it's already applicable from August 27 2025.
What is the new effect after the 50% high tariff on India?
50% high tariffs which will disrupt millions of livelihoods across the country's export-driven industries that supply everything from clothes to diamonds and shrimp to American consumers, millions of people's jobs are at risk, some companies are on the verge of closure, and some companies are going to completely relocate to another country, due to which millions of jobs are at risk. This the current status of India.