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

IndiaTimes Thursday, 3 April 2025 ()
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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Video Credit: Oneindia - Published
News video: Trump's ‘Liberation Day' – Trade War Begins! India, China, EU Brace for Immediate Economic Attack

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