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Trump’s 50% Tariff On India To Leave Americans Paying More, Here’s What Gets Costlier
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Donald Trump Tariffs: Trump’s 50 percent tariffs on Indian imports, sharply raises US prices on textiles, jewellery, shrimp, chemicals and more, impacting consumers, manufacturers.
Donald Trump India Tariffs: A person shops in a supermarket as inflation affected consumer prices in Manhattan, New York City, US. (IMAGE: REUTERS FILE)
Donald Trump India Tariffs: The United States is bracing for a wave of price increases as US President Donald Trump’s administration is set to impose sweeping tariffs on Indian imports to the country, doubling duties to 50 per cent in retaliation for New Delhi’s purchase of Russian oil. The move, covering $48 billion worth of Indian goods, is one of the most punitive tariff actions US has ever taken against an ally.
The sectors most affected include textiles, gems and jewellery, shrimp, carpets, handicrafts, furniture, leather, organic chemicals and machinery.
That means everyday items for American households, ranging from linens, rugs and apparel to jewellery, mattresses and shrimp, will now carry a sharply higher price tag. Diamonds, gold jewellery and household furnishings will attract more than 50 per cent duty, while knitted clothes face nearly 64 per cent.
A Moneycontrol report said that apparel and home textiles face particularly sharp hikes: knitted clothing could see duties near 64 percent, woven garments around 60 percent, and bed linens and towels roughly 59 percent.
Americans who love jewellery will also feel the pinch as diamonds, gold, and other Indian-made ornaments are now subject to more than 52 percent in import duties. Also burdened are leather goods and footwear, a staple in US wardrobes, the news report by the financial news outlet said.
Even non-fashion categories aren’t spared—organic chemicals now face duties up to 54 percent, while mechanical appliances and engineering goods cross the 51 percent threshold, making mid-range equipment markedly less affordable for American buyers. Seafood such as shrimp, another Indian export, will also become costlier and on top of existing anti-dumping duties, the new tariff will push the total levy beyond 33 percent.
Blow to US Manufacturers Too
Tariffs were pitched as a way to protect American manufacturing jobs, but survey data from the Dallas Fed, accessed by broadcaster CNN, shows the opposite effect. Nearly 70 per cent of manufacturers report being hurt by higher tariffs this year, with many passing on costs to industrial and military clients. One Texas furniture maker told the Fed, “We are probably going out of business within 90 days.”
Postal services in Europe and Asia are already suspending shipments to the US after the scrapping of a tariff exemption on low-value packages. That means fewer options for American online shoppers relying on e-commerce platforms like Etsy, Shopify and TikTok Shop.
American Consumers Caught in the Middle
The tariff escalation, which leaves India facing one of the highest US import duties alongside Brazil, may shift supply chains toward competitors like Vietnam, Bangladesh and Mexico. But for US shoppers, the immediate result is fewer choices and higher prices.
“Tariffs will raise input costs for American companies, strain profit margins, and disrupt supply chains with long-term inefficiencies even if the policy is reversed later,” said Professor Trilochan Tripathy of XLRI Jamshedpur while speaking to news agency PTI.
In the short term, American households are set to pay more for Indian goods they rely on.
Economists speaking to the US broadcaster CNN called it “sneakflation”, defining it as small, incremental price hikes that quietly eat into household budgets.
For lower-income Americans, already living paycheck to paycheck, such gradual increases mean tough choices: skipping groceries to pay utility bills or cutting back on healthcare to afford children’s clothes.
From toys and sporting goods to furniture and shrimp cocktails, tariff-driven inflation is expected to spread over the next year. The Federal Reserve Bank of Atlanta noted that both tariff-exposed and non-exposed US businesses plan to raise prices in 2025, raising fears of another inflationary impulse.
Shankhyaneel Sarkar is a senior subeditor at News18. He covers international affairs, where he focuses on breaking news to in-depth analyses. He has over five years of experience during which he has covered sev…Read More
Shankhyaneel Sarkar is a senior subeditor at News18. He covers international affairs, where he focuses on breaking news to in-depth analyses. He has over five years of experience during which he has covered sev… Read More
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Top stocks to buy today: Stock recommendations for August 28, 2025 – check list – The Times of India
Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Nykaa, Kaynes, and Dr Reddy’s Laboratories are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 28, 2025:Index View: NiftyAfter an inside bar formation on Monday, Nifty opened with a gap down reeling all throughout the session ahead of its trading holiday on Wednesday. The index has closed below its trailing support of 24800 allowing for further downside to be opened for 24500 / 24350. Nifty has also formed a bearish head and shoulders formation on daily charts with a neck line support seen at 24450. A break below the same post monthly expiry could reel in further pressure on the index.Bank NiftyUnderperforming Nifty, Bank has broken its support of 55050 opening for a test of sub 54000 odd levels to begin with. The index has also closed at a 3.5 month low on daily charts ahead of its monthly expiry scheduled on Thursday. 55000 is likely to act as resistance on the upside while the index slides below sub 54000 levels in the coming week.NYKAA (BUY):
- LCP: 231.65
- Stop Loss: 223
- Target: 252
Stock has been gaining traction ever since its 3 year triangle breakout seen in June 2025. For now NYKAA has given the highest ever close in past 3 years of trading along with a huge cup and handle breakout on daily and weekly charts. This opens up for a 18-20% trading buy target on the stock, yet we would advise for an initial uptick being 250+ on this leg.KAYNES (BUY):
- LCP: 6197
- Stop Loss: 5980
- Target: 6620
After a cup and handle breakout in early August 2025, stock has been consolidating near the breakout zone for the past 4 weeks now. Last week’s price action suggests further move northwards from CMP as the stock has completed multiple retests of its ongoing breakout.Dr Reddy’s Laboratories (BUY):
- LCP: 1263
- Stop Loss: 1230
- Target: 1355
Sustaining above its 200 DMA support, DRREDDY’s has also given a bullish flag breakout on daily charts. This allows its initial upside to open for the 1350-1360 zone where it could meet another potential breakout on upside.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Business
White House fires CDC director Monarez after she refuses to resign; 4 top health officials quit
Susan Monarez, President Donald Trump’s nominee to be the Director of the Centers for Disease Control and Prevention (CDC), testifies during her confirmation hearing before the Senate Committee on Health, Education, Labor, and Pensions in the Dirksen Senate Office Building on June 25, 2025 in Washington, DC.
Kayla Bartkowski | Getty Images
The White House on Wednesday said it had fired Centers for Disease Control and Prevention Director Susan Monarez after she refused to resign. Four other top CDC officials announced they were quitting the embattled health agency.
The leadership crisis at CDC erupted the same day the Food and Drug Administration announced new limits on who can get the latest approved round of Covid vaccines in the U.S.
“Susan Monarez is not aligned with the President’s agenda of Making America Healthy Again,” White House Spokesman Kush Desai said in a statement to NBC News. “Since Susan Monarez refused to resign despite informing [Health and Human Services Department] leadership of her intent to do so, the White House has terminated Monarez from her position with the CDC.”
The statement comes hours after attorney Mark Zaid said he was representing Monarez and that she had not actually been fired yet or stepped down, adding that she would not resign.
“When CDC Director Susan Monarez refused to rubber-stamp unscientific, reckless directives and fire dedicated health experts, she chose protecting the public over serving a political agenda,” Zaid said in a statement. “For that, she has been targeted.”
Earlier on Wednesday, HHS said in a post on X that “Monarez is no longer director” of the agency.
Monarez, a longtime federal government scientist, was sworn in on July 31. She is the first CDC director to be confirmed by the Senate following a new law passed during the pandemic that required lawmakers to approve nominees for the role.
The Washington Post first reported her ousting on Wednesday.
At least four other officials also submitted their resignations on Wednesday in a massive shakeup at the agency: Dr. Debra Houry, the CDC’s chief medical officer; Dr. Demetre Daskalakis, director of the National Center for Immunization and Respiratory Diseases; Dr. Daniel Jernigan, the director of the National Center for Emerging and Zoonotic Infectious Diseases; and Dr. Jennifer Layden, director of the Office of Public Health Data, Surveillance and Technology.
Houry, in a resignation letter obtained by NBC News, wrote about the dangers of the spread of vaccine misinformation and said proposed budget cuts and reorganization plans would negatively impact the CDC’s ability to address conditions like hypertension, diabetes, cancer, overdoses and mental health issues.
In his resignation letter, also obtained by NBC News, Daskalakis said he was leaving the agency “because of the ongoing weaponizing of public health.”
Her departure comes at a tumultuous time for the agency, which is reeling from a gunman’s attack on its Atlanta headquarters on Aug. 8. A police officer died in the shooting.
Monarez on Friday canceled a meeting with CDC workers that had been scheduled for Monday, according to an email obtained by NBC News. She said she wanted to assure staff that the agency is working to restore their “trust in the safety and security of all CDC workplaces.”
President Donald Trump nominated Monarez after withdrawing his first pick to lead the CDC, former Republican congressman Dave Weldon, hours before his confirmation hearing. Weldon has been criticized for his views on vaccines.
— CNBC’s Michele Luhn contributed to this report.
NEW DELHI: Government is going to push for bridging the gaps on several contentious issues in trade talks with the European Union next month, while also demanding that the trading bloc offer concessions on carbon tax on the lines of the deal with the US, an official said Wednesday.“We are in the last mile, quite a few things are narrowing down. There are a handful of major issues and we are trying to narrow the gaps and then leave it to the leaders to take a political call,” the official said ahead of the next round of talks scheduled for Sept 8-12. EU commissioner for trade and economic security MaroS Šefcovicis also expected to travel to the Capital after the official level meeting to hold consultations with commerce and industry minister Piyush Goyal.Both sides have set an year-end deadline to finalise the agreement and India is keen that it fills the missing link in Europe, having signed agreements with the UK and the four nation European Free Trade Association, comprising Switzerland, Norway, Iceland and Liechtenstein.The deals are part of efforts to push for a diversified trade basket that provides Indian exporters access to crucial markets. India already has trade pacts, from Australia to Asean, the UAE and Mercosur countries, and is seeking more deals.Sources suggested that govt will help exporters diversify, with the focus expanded from 20 countries to 50, while also coming out with export promotion measures to overcome the challenge of US tariffs. Intensive consultations are lined up with exporters in the coming days.Govt officials said based on the feedback, strategies to offset the impact of the US tariffs, including support from the Centre, will be devised.Outreach in countries, including the UK, Japan, and South Korea, to push textiles exports are also planned, with similar initiatives planned for other sectors. In case of textiles for instance, 40 potential markets have been identified and in each case a targeted approach is proposed, positioning Indian companies as reliable suppliers of quality, sustainable, and innovative textile products. Official said that export promotion councils (EPCs) will be the mainstay of the diversification strategy.
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