Trump announces reciprocal tariffs impacting India's key sectors

President Donald Trump has announced reciprocal tariffs on all US trading partners, including India. This decision aims to address trade imbalances, as India imposes higher tariffs on US goods compared to the US's tariffs on Indian imports. India's food products, textiles, and clothing sectors are expected to be most affected. The average tariff on US exports to India is significantly higher than the US's tariff on Indian goods, making India vulnerable to these new tariffs. In response, India is considering lowering tariffs on over 30 products and increasing imports of US defense and energy goods. The tariffs may take effect in April, impacting trade relationships and prices for consumers in both countries.