US Imposes 26% Tariff on Indian Imports

The United States has enforced a 26% tariff on Indian imports as part of Donald Trump’s trade policy. While China (34%) and Vietnam (46%) face higher tariffs, India’s pharmaceutical sector remains exempt, boosting drugmaker stocks by 5%. However, critical exports like electronics and gems—valued at $23 billion—are expected to suffer. This move may impact trade relations and India’s economic outlook. Stay tuned for further updates on global trade shifts.

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