US reciprocal tariffs: Implications for India's global trade partnerships

India is concerned specifically about the reciprocal tariffs the US has threatened to impose on April 2

Uncertainty surrounding global trade policy has grown due to fluctuating tariff announcements by the United States (US), with the latest being a 25 per cent additional tariff on imports of automobiles and certain auto components. Other recent measures taken by the US include a 25 per cent additional tariff on imports from Canada and Mexico, a 20 per cent additional tariff on imports from China, and a 25 per cent tariff on aluminium and steel imports. Retaliatory tariff measures announced by other economies and consequent trade war have led to serious concerns around global growth and inflation. Global and Indian