In April, US President Donald Trump declared a national emergency, citing the country’s widening trade deficits and invoking the International Emergency Economic Powers Act. He imposed a flat 10% tariff on nearly all imports into the USA. Reciprocal tariffs against 57 countries, including a 26% duty on exports from India, soon followed. While these duties […]
In April, US President Donald Trump declared a national emergency, citing the country’s widening trade deficits and invoking the International Emergency Economic Powers Act. He imposed a flat 10% tariff on nearly all imports into the USA. Reciprocal tariffs against 57 countries, including a 26% duty on exports from India, soon followed. While these duties
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