There seems to be some confusion surrounding the tariff the US has imposed on India. At his press conference in the White House’s Rose Garden on April 2, President Donald Trump announced that there would be a 26 per cent tariff on India.

Stunned to see their own exports punished harshly, Indians are picking through the wreckage for signs of hope. There’s some but not a lot.

India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters.

Indian pharmaceutical stocks tumbled 4.4% on Friday, erasing gains from the previous session, after Trump threatened steep tariffs on the sector.

To avoid new tariffs ahead of a looming deadline, the US is holding trade talks with Vietnam, India, and Israel, with President Donald Trump personally engaging with representatives from these countries,

The South Asian nation is feeling the heat as the White House gears up to launch stiff reciprocal tariffs on April 2, what Trump has called “Liberation Day.”

President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress.

India's central bank will cut rates three more times this year by 75 basis points as the economy's growth outlook worsens due to import tariffs imposed by the United States, according to Citibank economists.