Live from ABC News headquarters in New York City.

This is Good Morning America.

We'll begin with the latest on President Trump's new steep tariff on India.

It's now at 50%.

When it affected midnight, I want to go to our Chief White House correspondent Mary Bruce with the impact.

Good morning, Mary.

Good morning, George.

Well, President Trump has doubled the tax on goods imported from India

from 25 to 50 percent in an effort to punish the country for buying Russian oil.

This new 50 percent tariff on nearly all goods imported from India is among the highest imposed

by the Trump administration and on a country with deep ties to the U.S.

It means that Americans could pay more for everything

from clothing and footwear to jewelry and furniture. Now, so far, pharmaceuticals and electronics

are exempt, but there is no question. This is going to have a huge impact on American importers,

many of whom have increasingly turned to India to lessen their dependence on China. But the

President is adamant that this is going to make it harder for Russia to get rich and fund its war in Ukraine.

But India says it is, quote, unfair, unjustified and unreasonable, George.

And Mary, the President's attempt to fire a member of the Federal Reserve Board of Governors, Lisa Cook, heading to the courts.

George, the President is once again testing the limits of his presidential power, attempting

to fire a sitting member of the Fed's board of governors potentially threatening the independence

of the central bank and setting up a legal fight that is likely to reach the Supreme Court.

This morning, President Trump is insisting he has the right to fire Lisa Cook, one of the Federal Reserve's seven board members,

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