Brief by Shorts91 Newsdesk / 02:52am on 02 Apr 2025,Wednesday India Global
On April 2, 2025, U.S. President Donald Trump introduced sweeping reciprocal tariffs targeting all countries, creating global market uncertainty. The tariffs are part of Trump's "Liberation Day," intended to reduce reliance on foreign goods. Countries like India, which imposes a 100% tariff on U.S. agricultural products, are preparing for economic impact, with India and the U.S. planning trade talks. The move led to market drops, particularly in India’s stock indices. Global leaders, including the EU, China, and Japan, have vowed retaliatory actions if necessary, with the tariffs taking immediate effect.( PC: NDTV)
