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Published on: 28. August 2025

Trade: Trump's tariffs and India's economic future

Ajay Shah is co-founder of the XKDR Forum, a non-profit research organization in Mumbai.

Trump's new tariffs against India are supposedly a punishment for buying Russian oil, but they are actually a signal of political harshness. In the short term, the country can cushion the shock, but will India remain open to the world or close itself off with protectionism?

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Last updated: 28. August 2025

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