U.S. President Donald Trump announced sweeping reciprocal tariffs on the trading partners of the world’s largest economy on April 2.
Trump’s ‘Liberation Day’ announcements had no country-specific exclusions as he announced new tariff rates for more than 180 countries. Apart from country-specific tariffs, Trump also announced the imposition of a 10 per cent baseline tariff. He announced a 26 per cent reciprocal tariff on India—half the rate India imposes on US imports.
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