US EditionUS slaps 26% tariff on India, lower than Asian peers
- U.S. President Donald Trump announced a 26 percent reciprocal tariff on India, which is lower than tariffs on China and Vietnam.
- Trump claimed, "They charge us 52 percent, and we have charged them almost nothing for years and years," highlighting India's tariffs on U.S. Goods.
- Concerns over increased consumer prices and economic disruption were expressed by various lawmakers and trade experts.
- European Commission President Ursula von der Leyen expressed concerns that the trade tensions could lead to a harmful EU-U.S. Trade war, stating, "Europe has not started this confrontation.
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phelpscountyfocus.com+19 Reposted by 19 other sources
India says 'examining the implications' of US tariffs
India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" after rival competitors were harder hit by US President Donald Trump's hike in duties.
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Leaning Left11Leaning Right10Center12Last UpdatedBias Distribution36% Center
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