In the midst of the geo-political moves, a number of businesses—and, in turn, consumers—stand to feel the impact.

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.

President Donald Trump made good on his threat to double tariffs on imports from India to 50%, a move that could endanger relations with one of America’s most important trading partners and send consumer prices higher.