India has been under pressure from the US tariffs recently. On August 6, 25% will be added first, and on August 27, 25% will be added. Major export commodities such as textiles and jewelry will face a heavy tax of 50%. You should know that India’s exports to the United States account for 20% of its total exports, with an annual export volume of US$87 billion. With such high tariffs, companies can’t stand it.

Farida Group, India’s largest shoe manufacturer, originally planned to invest 1,000 crore to build a new factory, but now it is directly frozen. The boss admitted: “The 25% tariff can be found, but 50% can’t make a penny.” What’s worse, the United States’ negotiation team originally scheduled to call India from August 25 to 29 canceled it, and the new timetable was not planned. Fitch warned that this may lower India’s GDP growth expectations in fiscal 2026, and Bloomberg Economic Research even predicted that India’s exports to the United States may fall by 60%, with nearly 1% of GDP hanging over.

This is another scene in China. The United States originally wanted to increase taxes on China for buying Russian oil, but after the meeting between the United States and Russia, it changed its words and said that it would not consider it within two or three weeks, and extended the Sino-US negotiations by 90 days. This is not without reason. The United States previously raised taxes on China to 100%, and China fought back hard, and the United States could only take the initiative to come back to negotiate. Moreover, China buys Russian oil to meet its own needs, which is different from India’s reselling the EU to make a price difference, and it does not grab US business. In addition, China’s industrial chain is complete and the market is huge, the United States is really breaking up, and its own company has suffered a lot of losses.