Donald Trump has implemented reciprocal tariffs on India and other nations, upending the global trade order. While initial market reactions were alarming, exemptions for key sectors like pharmaceuticals and precious metals have energised investors. The Indian government is carefully examining the implications and engaging with stakeholders. Exporters see potential opportunities, citing India’s advantage over competitors like China and Bangladesh. The Commerce Ministry is studying the new developments and working towards a mutually beneficial bilateral trade agreement with the US.
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