The full story of Trump Tariffs 2026 Phase

India faces a 10% US tariff while China faces 12.5% under a new framework.

The lower rate follows India amending its Foreign Trade Policy on forced-labour restrictions.

New Delhi avoided the higher tariff by aligning with US forced-labour import restrictions.

India and Washington are negotiating an interim trade agreement.

The tariff difference gives Indian exporters a relative advantage over Chinese competitors in the US market.

Donald Trump plans new tariffs of roughly 10–12.5% on up to 60 countries, including India, citing forced-labour and unfair trade practices.

The tariffs roll out as a temporary 10% tariff expires on Friday, with potential steeper duties under investigation for excess industrial capacity.

India's bilateral trade deal with the US remains deadlocked over market access, agriculture, digital trade, and tariff concessions.

India's Commerce Minister Piyush Goyal refuted reports of a stalled deal but no agreement is in sight, complicating negotiations.

The tariff escalation risks financial market instability, inflation, and harm to US consumers ahead of November midterm elections.

External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio in Manila.

The meeting occurred on the sidelines of ASEAN meetings.

They discussed India-US partnership including trade, energy, defence, and critical minerals.

President Trump is preparing new tariffs under Section 301 of the Trade Act of 1974, replacing tariffs struck down by the Supreme Court.

The temporary 10% tariff expires early Friday, ending five months of relative trade stability.

U.S. Trade Representative Jamieson Greer said new tariff action is expected soon.

Trump announced separate additional 50% tariffs on certain Canadian goods to pressure renegotiation of the USMCA.

The new Section 301 tariffs are based on investigations into forced labor in 60 economies.

US planning fresh tariffs on multiple countries as Trump's temporary 10% global levy expires Friday.

Supreme Court ruled against Trump's earlier emergency tariff strategy.

Fresh tariffs expected to target dozens of nations.

Trump's tariff policies face legal and procedural challenges.