Trump's tariffs are hurting #India, now #Modi is taking action
Bloomberg Television·2026-02-02 19:08
President Donald Trump's 50% tariffs have been a drag on India's economy and Prime Minister Narendra Modi is taking action to try to keep growth intact. In Sunday's budget, his government laid out plans to support exporters hit by US tariffs, especially companies in labor intensive industries like textiles, leather goods, and marine products. The trade standoff with Washington has already pushed Mod's team to cut consumption taxes and loosen labor rules, making it easier for companies to hire and fire worke ...