The US Won't Give Up on the 1.4 Billion-Person Market! Reuters: India Endures 25% Trump Tariff, Is It Self-Created?
According to Reuters, the 25% tariffs imposed by the US on India are significantly impacting this market, which has a population of 1.4 billion. Analysis indicates that while these tariffs stem from trade policy considerations, some of India's own trade decisions have added complexity to the situation.
The report highlights that India's increase of import tariffs on certain products has led to the activation of retaliatory tariffs from the US. This has placed additional burdens on Indian businesses in the global trade arena, presenting challenges to its economic growth.
