Business

Trump Slaps 25% Tariffs on India: How Does It Compare to China, Japan, and Vietnam?

Trump's New Tariffs on India: A Detailed Look

US President Donald Trump has announced a 25% tariff on Indian exports to America, citing high tariffs and trade barriers as the main reasons. This move comes amidst a stalemate in bilateral trade agreement talks between the two nations.

Donald Trump imposes 25% tariffs on India

Comparative Analysis: India's tariff rate, though not the highest, is significantly higher than those imposed on other countries like Japan and the EU, which face a 15% rate. China, on the other hand, is subjected to a 30% tariff rate.

Trade Negotiations and Future Prospects

Trade negotiations between India and the US are ongoing, with a sixth round of talks scheduled for August-end. Despite the current tensions, there is hope for a temporary resolution as the first phase of the trade deal is expected to be finalized soon.