New Delhi, April 3 -- The global economy has seen more turbulence in recent months than in decades, driven in part by US President Donald Trump's most potent trade weapon: tariffs. After months of speculation, Washington has finally announced its long-feared tariffs, dealing a fresh blow to India. A 26% reciprocal tariff on Indian goods, set to take effect on 9 April, dashes hopes of any immediate relief from Trump's trade policies. The measure is part of a broader crackdown that also includes a 10% baseline tariff on all imports.

Read this | Trump's tariff strike: India hit with 26% duty as trade war escalates

The move is a response to what the Trump administration calls India's "uniquely burdensome" non-tariff barriers, which it argue...