US President Donald Trump has imposed a 26% tax on India's exports to America, despite his friendly rhetoric towards New Delhi. Trump's two-tier tariff system includes a baseline tax of 10% on all countries, with additional tariffs on countries he considers to be the 'worst offenders'. India is labelled the 'tariff king' due to its perceived high taxes on US imports. China, Taiwan, and South Korea also face additional tariffs. Even close allies such as Japan and the EU are not spared, with tariffs ranging from 10% to 24%.
image sourced from original article at https://timesofindia.indiatimes.com/world/us/trump-torments-world-with-punitive-tariff-on-all-including-allies-india-slapped-with-26-per-cent-tax/articleshow/119925551.cmsOriginal article source: https://timesofindia.indiatimes.com/world/us/trump-torments-world-with-punitive-tariff-on-all-including-allies-india-slapped-with-26-per-cent-tax/articleshow/119925551.cms
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