India, April 3 -- In a dramatic policy shift, US President Donald Trump has announced a 26% "discounted reciprocal tariff" on India, slashing by half the 52% levies India imposes on American goods. Declaring April 2, 2025, as "Liberation Day" for American industry, Trump emphasized that his administration was reclaiming America's economic destiny and putting an end to what he described as decades of foreign exploitation.

Speaking from the Rose Garden at the White House, Trump railed against countries that, according to him, have "looted, pillaged, and plundered" America through unfair trade practices. He accused foreign leaders of stealing US jobs and American industries, stating, "For decades, our country has been ransacked by both frie...