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,

Trump has now imposed a total of 50% tariffs on goods imported from India, and his earlier threat of levying an extra 10% for the country's membership in the Brics grouping, which includes China, Russia and South Africa as founding members, still stands.

U.S.-India ties are facing their most serious crisis in years after talks with India failed to produce a trade agreement.