After Trump excludes China from the 90-day pause on all other countries on reciprocal tariffs, the dragon responds: 125% tariffs on US goods. The two-nation trade war has only just begun, it seems.
The decision, announced just minutes after the new US-India tariffs took effect, signals the Central bank’s intent to support non-inflationary growth in an increasingly uncertain global environment.
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.
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