Moody's Warns Trump’s 50% Tariffs Could Undermine India's Manufacturing Amid Brazil President Lula Call and Trade Tensions

Moody's has issued a warning that the United States' decision to impose 50% tariffs on Indian exports could undermine India's manufacturing sector and slow its economic growth. The elevated tariffs, announced under the administration of former President Donald Trump, pose risks to India's manufacturing targets and broader economic ambitions. The tariff measures have also affected Brazil, prompting Brazilian President Luiz Inácio Lula da Silva to contact Indian Prime Minister Narendra Modi amid the escalating trade tensions. These developments reflect ongoing trade frictions between the US and India, with India responding critically to the tariff increases.