India’s largest shoemaker Farida Group had already staked out the land — a 150-acre plot in southern Tamil Nadu — for a sprawling new export facility. Then came the blow from Washington: President Donald Trump announced he was doubling tariffs on Indian exports to 50%.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,

Former National Security Adviser John Bolton said Wednesday that President Trump’s tariffs may push India further away from the U.S. and into deeper alliances with Russia and China. The president previously threatened to impose a 25 percent tariff on India for purchasing oil from the Kremlin absent of similar punishments for China,