American President Donald Trump announced 26% reciprocal tariffs on India, citing India’s 52% tariffs on US imports. Trump called Prime Minister Modi a great friend but criticized India’s tariffs as tough. The Indian government responded, calling the tariffs a mixed bag and noting that key sectors like pharmaceuticals and semiconductors are exempted. Donald Trump has imposed tariffs on Indian goods, exempting pharmaceuticals and critical minerals. India is seeking a negotiated solution rather than retaliating. Experts discuss potential impacts on IT, auto, and other sectors, as well as implications for global trade. Some view this as an opportunity for India to reduce regulatory burdens and improve competitiveness.
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