Trump plans new tariffs on India and other nations
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.
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Times of India
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Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family