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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Tariffs Key Highlights: 26% On Indian Imports, 25% On Autos, 10% Baseline And More

  • 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.

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