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How can India counter Trump's tariffs?
On April 2, 2025, U.S. President Donald Trump announced a new set of tariffs against countries that, according to him, charged high tariffs and imposed barriers that made products made in the USA more expensive.
These tariffs are essential to Trump’s plan to reduce trade deficits and increase domestic manufacturing.
The “baseline” tariff of 10% on imports from all countries came into effect on April 5, 2025. A new set of tariffs would come into effect on April 9.
The Trump administration imposed a 26% tariff on imports from India, which is slightly higher than the 20% levy for the European…
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