NEW DELHI (Reuters) -India expects to lose a competitive advantage in about $64 billion worth ofgoods exported to the U.S. due to President Donald Trump's 25% tariff and an assumed 10% penalty for buying Russian oil, four sources told Reuters citing an internal assessment report by the government.
India faces its most serious diplomatic crisis with the United States in years after Trump imposed the highest tariffs among Asian peers on goods imported from India, even before anypenalty.
