Indian rupee (L) and US dollar currency notes are held by a foreign exchange employee at an office in New Delhi on August 26, 2025. US President Donald Trump has threatened to double import duties on India from 25 to 50 percent by August 27, to punish New Delhi for buying oil from Russia, saying the purchases help Moscow fund its invasion of Ukraine. Indian exporters are scrambling for options to mitigate the fallout as it threatens to upend low-margin, labour-intensive industries ranging from gems and jewellery to textiles and seafood. (Photo by Arun SANKAR / AFP)