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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Tensions Escalate As Trump Tariffs Come Into Effect: India Faces 26%, China 104% — Full List

  • The US has imposed tariffs on India at 26% and China at 104%, escalating trade tensions.
  • Following the US tariffs, several countries negotiated with the US to offset the impact, while China retaliated with 34% tariffs.
  • Other countries facing increased import tariffs include the Philippines (17%), Pakistan (29%), and Switzerland (31%), among others.
  • The S&P 500 lost nearly $6 trillion in value since the announcement of the tariffs, causing global stocks to plummet.

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