India is a key market for American brands that have rapidly expanded to target a growing base of affluent consumers

According to the finance ministry, the impact of the US’ tariffs on India’s exports will depend on a combination of different factors such as product differentiation, demand, quality, and contractual arrangements.

The U.S. has proposed tariffs on Indian exports in response to India’s continued purchases of discounted Russian crude oil. What does this mean for India’s economy and trade relations? In this video,