Brief by Shorts91 Newsdesk / 04:51am on 03 Apr 2025,Thursday International
US President Donald Trump announced a 26% reciprocal tariff on India, lower than the 34% on China and 46% on Vietnam. He justified the move, stating, “You’re a friend, but you’re not treating us right.” The White House said the tariffs, starting April 9, target nations with high trade deficits with the US. India’s tariffs remain lower than Thailand (36%) and Indonesia (32%) but higher than Japan (24%) and the EU (20%). The US Trade Representative report criticized India's high tariffs on key imports. Trump warned tariffs would stay until the trade deficit issue is resolved. (PC: Reuters)
