Brief by Shorts91 Newsdesk / 04:55am on 03 Apr 2025,Thursday International
A senior Indian commerce ministry official termed Donald Trump's 26% reciprocal tariff on Indian exports a “mixed bag, not a setback.” The US will impose a universal 10% tariff from April 5, with the remaining 16% applied from April 10. Trump accused India of unfair trade practices, stating, “India charges us 52%, we will charge them half—26%.” The White House indicated tariff reductions could follow if trade concerns are addressed. India is currently negotiating a bilateral trade agreement with the US, aiming for completion by fall 2025. Officials are assessing the impact on India’s trade. (PC: Getty Images)
