NEW DELHI--April 11, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--In a constantly evolving landscape of trade tensions, U.S. President Donald Trump rolled out a series of tariffs on April 2. In an effort to combat trade imbalances, currency manipulations and protect domestic production, the U.S. has announced a set of import duties on many of its trade partners. This includes a 10% baseline tariff on all imports as well as higher rates for nations deemed to engage in unjust trade with the U.S. Amongst countries facing these inflated duties, India is projected to encounter a reciprocal tariff rate of 26%. These charges were implemented from April 5 (10%) in the country, with the rest becoming effective from April 10th (an additional 16%). However, as per recent news, President Trump has announced a 90-day halt on both reciprocal and 10% tariffs for more than 75 nations.
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