Trump’s Proposed Tariffs Shake Up India’s Trade Strategy
25% Tariff and Penalties Upend Prior Assumptions The Indian government’s approach to trade negotiations with the US has been thrown into uncertainty. This follows President Donald Trump’s announcement of a 25% tariffs on Indian goods effective August 1. An unspecified penalty is also linked to India’s defence and energy imports from Russia. Indian officials had previously expected some give and take in talks. They anticipated a manageable tariff gap versus China. They also hoped for respect for India’s key concerns, including agricultural protections and support for small manufacturers. https://twitter.com/TrumpTruthOnX/status/1950776077204513135 Officials: No Rushing Into Unequal Deals The Commerce and Industry Ministry…