04-April-2025
Economy News
 
India to face 'discounted' 26% tariff from US; Trump slaps 34% on China
03-Apr-2025

After weeks of anticipation, President Donald Trump unveiled a new set of tariffs on both allies and adversaries, aiming to address what he describes as unfair trade practices. The tariffs, which are set to impact countries that impose high duties on US exports, will see India facing a 26% tariff on its goods entering the US, along with significant penalties for other nations. "India very, very tough. The Prime Minister just left and is a great friend of mine, but you are not treating us right. They charge us 52 per cent and we charge them almost nothing," he said in his speech at the Rose Garden "Make American Wealthy Again" event.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/india-to-face-26-us-tariff-as-trump-unveils-reciprocal-trade-measures-on-global-imports-china-hit-with-34/articleshow/119917971.cms