President Trump announced a 26% duty on Indian imports, while foreign automakers will face a 25% tariff.
A 10% baseline tariff was set for all countries, effective midnight EST on Thursday.
President Trump imposed a 25% tariff on autos to retaliate against countries with high tariffs on US goods.
Multiple trade partners face high tariffs, including Cambodia (49%), Thailand (36%), and China (34%). EU, Japan, South Korea, Israel, and the UK also face tariffs.