In July, Trump announced 25% tariffs on Indian imports. He threatened additional tariffs this week for 'buying massive amounts of Russian Oil'

Despite facing punitive tariffs from the US, India’s economy has shown remarkable resilience. The IMF confirms India is already the world’s third-largest economy by purchasing power parity (PPP), with its nominal GDP eclipsing $4 trillion.

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.