💨 Abstract

US President Donald Trump announced a 26% "discounted reciprocal tariff" on India, half of the 52% levies imposed by India on American goods, calling India "very, very tough." Trump criticized India's high tariffs and non-monetary trade barriers, saying America will now charge India approximately half of what they charge on US goods. This move is part of Trump's efforts to protect American industry and workers from foreign competition.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖