Latest / In Focus by The Hindu
Trump’s 25% tariffs: Would India be better off without a rushed trade deal?
U.S. President Donald Trump announced has 25% tariffs on imports from India, “plus a penalty”. While this has been on the cards, there was some expectation that a quick bilateral trade agreement could soften the blow, if not prevent it.
Trump has justified his move with a number of complaints: he has spoken of India’s high tariffs, non-tariff barriers, India buying oil and defence hardware from Russia, and India’s membership of BRICS, which he considers as anti-US coalition.
Exports to the US constitute 18% of India’s overall exports. If the tariffs kick in, they are expected to lower India’s…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.