Brief by Shorts91 Newsdesk / 10:57am on 10 Apr 2025,Thursday India Global
US Treasury Secretary Scott Bessent defended President Trump’s sweeping tariffs, singling out China with a 125% duty and calling it a “bad actor” in global trade. Bessent clarified that current negotiations are focused on China’s neighbours—India, Japan, South Korea, and Vietnam. Trump’s 90-day pause on new tariffs excludes China but offers countries like India a breather. India faces a 26% tariff, with exemptions for key sectors like pharma. With China ramping up tariffs to 84% on US goods, India’s cautious diplomacy continues, aiming to finalise a bilateral trade agreement by autumn following earlier discussions during PM Modi’s US visit. (PC: India Today)
