- The US announces new tariffs, including a 26% duty on Indian exports, impacting key sectors like pharmaceuticals, gems, textiles, and agriculture.
- India faces up to 49% duties on certain products, part of a broader US policy targeting countries with significant trade surpluses.
- Trump’s tariffs aim to address trade imbalances, effective April 5, 2025, with higher rates for countries like India with substantial deficits.
- The move could disrupt India’s economic interests, requiring strategic navigation amid evolving US trade policies.
