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Trump signals shift in tone on China tariffs

  • On April 2, 2025, the Trump administration imposed a 26% tariff on Indian goods, impacting New Delhi's negotiations to keep access to the U.S. Market, its largest export destination.
  • Ajay Seth, India’s Economic Affairs Secretary, stated that the tariff could reduce GDP by 0.2 to 0.5 percentage points, which he called "not a huge impact."
  • China may retaliate by manipulating trade due to India's $100 billion deficit and could isolate India diplomatically within organizations such as BRICS+ and the Shanghai Cooperation Organisation.
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Business Insider (Spain) broke the news in on Wednesday, April 23, 2025.
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