India, April 3 -- US President Donald Trump slapped a "discounted" 26 per cent reciprocal tariff on goods from India entering the United States along with varying charges on other countries, raising trade barriers.
The reciprocal tariffs, with baselines of 10 per cent on all countries, were announced by Donald Trump from the White House on Wednesday, April 2, what the US President has termed as 'Liberation Day'.
Close to $14 billion worth of electronics products and more than $9 billion worth of gems and jewellery are among the top sectors to be hit by the US tariffs, according to a report by news agency Reuters.
The White House said pharmaceutical products, which comprise nearly $9 billion worth of exports from India as per government...
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