Brief by Shorts91NewsDesk / 02:45pm on 02 Apr 2025,Wednesday International
On April 2, 2025, former U.S. President Donald Trump declared the enforcement of reciprocal tariffs, calling it ‘Liberation Day’ for American businesses. The policy aims to counter what he calls “unfair trade practices,” particularly from countries like India, which imposes over 100% tariffs on certain U.S. goods. The proposed tariffs include a 20% levy on most imports, targeting industries such as agriculture, automotive, and technology. This move could escalate global trade tensions, with India and other nations potentially responding with retaliatory measures. The decision has sparked mixed reactions from global markets and trade analysts. (PC: Reuters)
