Trump's 50% tariffs on India take effect and remembering Hurricane Katrina 20 years on: Morning Rundown Trump hits India with 50% tariffs. Experts warn of the consequences if the president removes a Fed Board governor. An electric scooter company is exposed as a scam. And remembering Hurricane Katrina 20 years on.

The US is set to impose a 50% tariff on Indian goods in just a few hours, escalating tensions over New Delhi's Russian oil imports. PM Modi vows to protect nation's interests.

India faces a major challenge as steep U.S. tariffs on Indian products take effect NEW DELHI — Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a serious blow to India’s overseas trade in its largest export market.