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India’s Prime Minister Narendra Modi has responded to President Donald Trump increasing tariffs on certain Indian goods to 50 percent.
“I know I’ll have to pay a heavy price, but I’m ready. India is ready,” Modi said, according to Indian media.
It came after Trump issued an executive order on Wednesday hitting the country with an additional 25 percent tariff for its continued purchasing of Russian oil, increasing overall duties on certain exports to 50 percent. The new tariffs will start from August 27.
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