The US has imposed 50% tariffs on $45 billion worth of Indian exports, primarily affecting textiles, gems, and jewellery. According to an SBI report, this move may reduce US GDP growth by 40–50 basis points and push inflation above the Federal Reserve’s target till 2026. The report highlights potential blowback for the US economy and calls for renewed trade talks.

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• US imposes 50% tariffs on $45B Indian goods; SBI warns of economic blowback
• US GDP may shrink 40–50 bps due to higher input costs and weak dollar
• Inflation could stay above 2% Fed target till 2026, driven by tariffs and forex trends
• Affects import-heavy US sectors: electronics, automobiles, consumer durables
• Indian textiles, gems, jewellery hit hardest; face tariff jump from 25% to 50%
• Pharma, smartphones, steel relatively safe due to steady demand, some exemptions
• India’s trade surplus with US may flip into deficit if tariffs widen scope
• SBI says India must engage in trade talks to restore confidence, exports
• US tariffs on Indian goods now highest globally: 50% vs China (30%), Vietnam (20%)
• India’s key exports at risk—textiles and jewellery form a third of $28.5B annual exports