💨 Abstract

The White House has criticized India's testing and certification requirements in sectors like chemicals, telecom, and medical devices, claiming they make it difficult for American companies to sell products in India. This results in an estimated $5.3 billion annual loss in US exports, according to a White House fact sheet. President Trump announced a 26% reciprocal tariff on India, half of the 52% levies imposed by India on American goods.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖