Brief by Shorts91NewsDesk / 02:40am on 03 Apr 2025,Thursday International
On April 2, 2025, U.S. President Donald Trump announced a 26% reciprocal tariff on Indian imports, citing India’s 52% tariffs on U.S. goods and trade imbalances. Despite calling PM Modi a "great friend," Trump criticized India’s protectionist policies, digital taxes, and currency practices. The tariff, effective April 9, 2025, targets textiles, auto parts, and pharmaceuticals. India’s recent tariff reductions failed to prevent the move. This decision, part of Trump’s broader trade strategy, may strain U.S.-India relations and lead to retaliatory measures, impacting bilateral trade talks and American businesses relying on Indian imports. (PC: Bloomberg.com)
