Trump’s 26% reciprocal tariff on imports from India: Here’s how auto, pharma and IT spaces may fare
US President Donald Trump as part of his sweeping reciprocal tariff measures has levied a 26 per cent tariff on imports from India. The announcement comes as he calls India's tariffs as 'very, very tough'. Further, he calls his move as a 'kind reciprocal' as the tariffs levied are half of what India levies on US products. Trump laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Referring April 2 as "Liberation Day",...