India gets slapped with tariff, others punched

President Trump has announced tariffs on imports, hitting both allies and adversaries. India, labeled a 'worst offender', faces a 27% tariff. Financial markets reacted sharply, with significant declines. India plans to negotiate a trade deal to mitigate the impact, leveraging ongoing discussions with the US.

India gets slapped with tariff, others punched
President Trump has announced tariffs on imports, hitting both allies and adversaries. India, labeled a 'worst offender', faces a 27% tariff. Financial markets reacted sharply, with significant declines. India plans to negotiate a trade deal to mitigate the impact, leveraging ongoing discussions with the US.