Global markets are facing a meltdown as Asian stocks plunge in response to Trump’s tariff announcements. Japan’s Nikkei, South Korea’s KOSPI, and Australia’s S&P have all reported significant losses. India is pursuing negotiations rather than retaliation against the 26% import tariffs imposed by the US. The Indian government is exploring possible exemptions and focusing on bilateral trade agreement talks to find a long-term solution. Commerce Minister Piyush Goyal is set to meet exporters on April 9th to discuss the potential impact on Indian businesses.
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