US President Donald Trump's 26% tariff on Indian imports comes into force

The 26% tariffs imposed by President Donald Trump on Indian imports went into force early on April 9.

Trump made the announcement of the reciprocal tariffs on April 3 during his "Liberation Day" announcement event in the White House Rose Garden.

In addition to India, Trump declared tariffs of 46% on Vietnam, 32% on Taiwan, 25% on South Korea, 24% on Japan, and 20% on the EU.

Along with the 20% tariffs he already hit on China earlier this year, he also declared a 34% tariff on the nation. Beijing recently warned of reprisal, and he later threatened to impose another 50% charge on Chinese imports.

Trump spoke of Prime Minister Narendra Modi as "a great friend" at his announcement on April 3 but also said that the nation was "not treating us right."

“Their Prime Minister (Narendra Modi) just left the US recently. He is a great friend of mine, but I said to him that 'you're a friend of mine, but you've not been treating us right.' India charges us 52%, so we will charge them half of that—26%," he said.

India responded by saying that it is closely analyzing the ramifications of Trump's declaration and researching the potential prospects brought about by this shift in US trade policy.

According to the Union Commerce Ministry, it was interacting with all parties involved, including exporters and Indian industry, to get their opinions on the levies and to evaluate the situation in light of the goal of a developed India.