tariffs

The Modi govt has been taking proactive measures, including trader negotiations, tariff relaxations, diversification and sectoral analysis to mitigate the negative impact of the US reciprocal tariffs.

Trump stated that the tariff hike was in response to Ontario Premier Doug Ford's decision to impose a 25% tax on electricity exports to the U.S.—a move that itself was a reaction to Trump's initial 25% tariffs on Canadian imports.