Donald Trump's 50% tariffs come into effect today: India prepares multi-pronged strategy to shield economy; details here

Effective today, India faces a 50% tariff on its goods exported to the US. As the stalemate on trade talks between the Donald Trump administration and India continues, the government is looking at multiple ways to minimise the effects of punitive tariffs. The 50% tariffs will impact $48.2 billion worth of export merchandise to America.

The new tariffs come into effect at 9.30 AM on Wednesday morning.