💨 Abstract

US President Trump announced a 26% "discounted reciprocal tariff" on India, citing high tariffs on American products. He criticized other countries, including India, for charging high tariffs and imposing non-monetary restrictions. Trump claimed these actions are colossal trade barriers. He justified the move by stating that the US charges low tariffs on foreign goods. The announcement was made during a speech in the Rose Garden at the White House.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖