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As Trump backs out of trade talks, tariff tantrum to take a toll on the Indian economy
It may be noted that against 50% tariff rate on Indian exports, the new US tariff rate for Bangladesh is 20%. The latest US tariff rate for Indonesia and Cambodia are 19% each. The tariff rate for Vietnam is 20%. Currently, China is the biggest exporter of textiles and apparel items to the US, followed by Vietnam, India, and Bangladesh.
Live Q&A: Trump Turns Up Heat on India — What It Means for Trade, Russia and Modi’s Foreign Policy
Bloomberg reporters take your questions on how Trump’s tariffs on India mark a sharp reversal after more than a decade of deepening US–India ties, plus what it means for trade, markets and regional power dynamics.
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