India's Tariff Test
President Trump has announced a 26% tariff on Indian imports, effective April 9, 2025, targeting India's $87 billion export market. Aimed at balancing trade, this could slash India's earnings by billions, though for now, New Delhi has struck a conciliatory note, looking to work out the differences. The commerce ministry has issued a statement saying they are examining the opportunities and challenges as well as the implications of the tariffs.
