adminU.S. President Donald Trump declared on April 2 a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, threatening to upend much of the architecture of the global economy and trigger broader trade wars. Trump held up a chart while speaking at the White House, showing the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 26% on India. India is looking at 26% ‘discounted’ Tariffs, while it charges the U.S. 52%. To know more about India’s stand on these Tariffs, watch Hindustan Times’ Abhishek Singh speak with Executive Editor Shishir Gupta. Watch here.
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