Trump's 10% global tariffs: How much will India pay following US President's executive order after Supreme Court ruling?

In a recent move, US President Donald Trump has signed an executive order imposing a 10% global tariff, a decision that follows a Supreme Court ruling which invalidated his previous sweeping tariffs. Despite the implementation of this new tariff, Trump emphasized that there will be no alterations to the existing trade agreement with India. The implications of this tariff are significant for India, as it could affect various sectors and industries reliant on trade with the United States. Industry experts are currently analyzing the potential financial impact on Indian businesses and consumers, as they brace for the economic repercussions of increased tariffs. This development comes amidst ongoing discussions about trade relations between the two countries, which have been characterized by both collaboration and contention in recent years. The Indian government now faces the challenge of navigating these new tariffs while maintaining strong economic ties with the US.
Originally reported by LiveMint. Read original article
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