India charges 52%, but Trump imposed a ‘discounted’ 26% tariff: Explaining Trump admin's tariff formula

President Donald Trump has announced a new tariff regime, imposing a 10% baseline tax on imports from all nations and higher levies on countries with a trade surplus with the US. This action, justified as correcting trade imbalances, has significantly affected India with a 26% tariff on all its exports, leading to a negative market reaction.



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