New Delhi, Aug. 31 -- Ever since US President Donald Trump imposed an additional 25% tariff on Indian goods, raising the total duty to 50%, several industries in the country have been hit hard, losing their competitive edge in the American market as Indian products became significantly costlier.

Among the severely impacted, the world-famous Banarasi saree and silk industry is seeing a steep decline in demand for their goods. Traders say that the steep tariffs have led to finished goods worth lakhs being returned, while fresh export orders have come to a halt.

This is not only affecting the business but also posing a grave threat to thousands of workers who are solely dependent on the trade to earn a source of livelihood, reported PTI. ...