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Prepare to bargain: India must create a strategy to deal with US tariffs

The tariffs on Canada and Mexico are so high precisely because the President will want to sort out a favourable deal with these two neighbours as soon as possible

Donald Trump, Trump
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President Donald Trump speaks at the 2025 House Republican Members Conference Dinner at Trump National Doral Miami in Doral, Fla., Monday, Jan. 27, 2025. (Photo: PTI)

Business Standard Editorial Comment Mumbai

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While on the campaign trail last year, American President Donald Trump had declared “tariff” was “his favourite word”. Since taking office in January, he has moved swiftly on all aspects of his agenda — and so it should come as no surprise that it has been announced that, from the end of this week, the United States will impose tariffs of 25 per cent on goods imported from its neighbouring nations of Canada and Mexico, as well as 10 per cent on those from China. At the time of going to the press, Mr Trump was holding negotiations with the