New Delhi, Sept. 3 -- How to counter Trump's tariffs? Is it possible to offset the impact of a massive 50% US tariff on Indian goods?

Economists and experts have been grappling with these questions ever since US President Donald Trump imposed higher tariffs on Indian goods over New Delhi's purchase of Russian oil.

The 50 per cent tariff went into effect on August 27, affecting sectors such as textiles, gems and jewellery, certain mechanical appliances, agriculture, and processed food.

Despite high expectations that the 25 per cent secondary tariff will go down soon, there are no signs that things are moving in the right direction. A Bloomberg report quoted Trump saying on Tuesday that he's not looking at lowering tariffs on India.

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