New Delhi, April 3 -- In a historic moment in global trade, US President Donald Trump imposed tariffs on its trading partners on April 2, including India, with 26% "discounted reciprocal tariffs" starting April 29.

"They (India) are charging us 52%, and we charge almost nothing for years and years and decades," Trump stated. He further stated US charges a tariff of 2.4% on motorcycles, whereas India charges 70%, adding India charges 70% tariffs on automobiles.

The announcement has put India at risk when it comes to the key sectors such as textile, engineering, electronics, gems.

While calling the shift in US trade policy as moving from "America First" to "America Alone", Banking and international stocks expert Ajay Bagga told ANI that ...