Hello and welcome to World Business Report from the BBC World Service.
I am Bissi Adibaya.
Coming up, Indian exporters are now facing 50% tariffs on goods going into the US.
How much pressure will that put on businesses and jobs?
We'll hear from some of those caught in the crossfire.
Also,
Europe's car makers are warning strict green targets could cost jobs unless the rules are eased.
And in the US,
Cracker Barrel has restored its famous old-timer logo after customers rejected a redesign.
Well, let's get started, by the way.
And from today, Indian exporters face 50% tariffs on most goods going to the United States.
Washington says it's punishment for New Delhi's continued purchases of Russian oil,
arguing that money helps fund Moscow's war in Ukraine.
While pharma and electronics items are not included, a large share of India's exports will be hit.
I've been speaking to my colleague Davina Gupta in Delhi.
It's been a difficult day for Indian exporters
because we are talking about nearly two-third of Indian exports,
which experts say is around $55 billion worth, which will be hit with these 50% tariffs.
These are harshest ever tariffs that these businesses have seen
because America remains a lucrative market for them.