“US administration has recently imposed tariff to the magnitude of $\displaystyle 50$%.”

In the light of given statement, explain the likely impact of this step on the exports of India.

The imposition of high tariffs to the magnitude of $\displaystyle 50$% by the US administration, would make Indian goods relatively expensive in the international markets. Thereby, demand for Indian goods in the global market may fall leading to reduction in exports of India.