During her visit to Slovakia, Droupadi Murmu promoted trade ties, praised Indian talent, and toured the Jaguar plant, underscoring India's role in global economic partnerships.
The 26% tariff on Indian imports, effective today, marks a significant step in President Trump’s trade strategy, responding to what he calls unfair trade practices and aiming to balance economic relations.
The sharp decline in Indian stock markets follows a global sell-off triggered by concerns over US President Trump’s trade policies, with fears of a deeper economic downturn and further losses in US markets.
US customers are requesting discounts of 15-25% on products ordered before the tariff hike, while Indian exporters face delays and pressure to absorb or share the additional costs.
PM Narendra Modi’s proposal to link UPI with BIMSTEC payment systems aims to enhance regional trade, business, and tourism, fostering deeper economic integration and collaboration among member countries.
Citing India’s steep 52% tariff burden on US goods, US President said he opted for a calibrated response by imposing half in return.
US President Donald Trump has announced a 27% reciprocal tariff on India, aiming to address longstanding trade imbalances and enhance US competitiveness, especially in key sectors such as textiles and manufacturing.
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