On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.

U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.

Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers says India's biggest GST revamp in 8 years is "much needed" which will help boost the Indian economy. However, he doesn't think it will entirely neutralize Trump's tariffs if they were to stay at 50%.

The Trump administration’s proposed high tariffs on Indian imports raise concerns about the U.S.-India partnership. But the rates seem to be part of a negotiating tactic aimed at concluding a trade

New U.S. taxes on American imports, even at 25 percent, will hurt many Indian businesses and may put vast numbers of people out of work.

India would not accept any compromise when it comes to the interests of its farmers, cattle-rearers and fishermen, Prime Minister Narendra Modi said Friday as the country wrestles with steep tariffs imposed by the US following breakdown of trade talks.

The Indian prime minister has said his country "is ready" to react to President Donald Trump's additional 25 percent levy on goods entering the U.S.

Many cooking spices are imported from India, and the 50 percent tariffs on the country’s imports could drive costs higher.

This week, Trump announced that he will be adding another 25% to the previous 25% tariff on Indian imported goods

Apple is manufacturing all four of its iPhone 17 models in India ahead of next month's launch, according to Bloomberg. That marks a first for the company, as it tries to mitigate the effects of President Trump's tariffs on products produced in China.