<ul><li>On April 2, 2025, President Donald Trump imposed a 10% tariff on all imports, with India facing a 26% tariff.</li><li>The 26% tariff is expected to impact Indian industries, including electronics, gems and jewelry, textiles, and automotive components.</li><li>However, the pharmaceutical industry, exporting $9 billion annually to the U.S., is exempt from the tariffs.</li><li>India is proactively engaging in negotiations to mitigate the effects, proposing tariff reductions on U.S. agricultural products and considering eliminating import taxes on U.S. liquefied natural gas (LNG).</li></ul>

Liberation Day Tariffs: A New Trade War or Tough Love?

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