💨 Abstract

US President Donald Trump announced a 27% tariff on imports of Indian goods, causing concern in global markets and trade analysts. This move could negatively impact both the Indian and US economies. Textiles, apparel, fish, shrimp, non-basmati rice, vegetable extracts, and oils exports are expected to be affected. Electronics exports may also take a hit, reducing the competitiveness of Indian electronics in the US market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖