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India charges 52%, but Trump imposed a ‘discounted’ 26% tariff: Explaining Trump admin's tariff formula

IndiaTimes Thursday, 3 April 2025
President Donald Trump has announced a new tariff regime, imposing a 10% baseline tax on imports from all nations and higher levies on countries with a trade surplus with the US. This action, justified as correcting trade imbalances, has significantly affected India with a 26% tariff on all its exports, leading to a negative market reaction.
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Video Credit: Oneindia - Published
News video: Trump Trade War: India Hit with 26% Tariff, Russia & North Korea Escape Unscathed -Full Announcement

Trump Trade War: India Hit with 26% Tariff, Russia & North Korea Escape Unscathed -Full Announcement 52:07

 Trump has unleashed a new wave of tariffs, hitting allies like India with a massive 26% tax while surprisingly sparing Russia and North Korea. The White House claims this move is to free America from foreign dependence, but critics are calling it a blatant geopolitical game. Is this a strategic...

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Amid Donald Trump's 50% tariff on India, Russia makes BIG offer to New Delhi, will give...

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