US may double tariffs on India to 50% over Russian oil imports, says Navarro. Jaishankar counters, defending India’s energy policy amid trade tensions.

Capital goods, chemicals, automobiles, and food and beverage exports would face the toughest adjustment, the S&P Global report said.

Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks to growth even if proposed domestic tax cuts help cushion the impact.

Donald Trump’s threat to impose 50% tariffs is stealing the Christmas cheer for many Indian exporters who ship everything from tree lights to angels and other decorative holiday items.

Peter Navarro alleged that the money India makes from trade with the US is being used to buy discounted Russian crude, which is then refined and resold at higher prices in other markets.

India's Epsilon Advanced Materials is moving swiftly to close deals to supply critical components to Japanese and South Korean battery makers in the U.S., a top executive said, after Washington imposed anti-dumping duties on Chinese imports.

Investors should focus on a diversified portfolio strategy and view market corrections as opportunities for long-term allocations as US tariffs may impact export-driven sectors, but domestic demand will cushion the economy.

White House Trade Adviser Peter Navarro criticises India for high tariffs and energy ties with Russia, highlighting tensions with the US.