United States imposes 26% reciprocal tariffs on India

The United States on Wednesday announced that it was imposing reciprocal tariffs on dozens of countries, including a 26% “discounted” levy on India.

US President Donald Trump announced a 10% minimum tariff on most goods imported into the country, which will take effect on Saturday. Washington also imposed a 25% tariff on all foreign-made automobiles, which will go into effect on Thursday.

Trump had repeatedly said he intended to impose a reciprocal tax on India, among others, citing high tariffs the countries impose on foreign goods. He has already imposed tariffs on a range of products from Canada, Mexico and China.

The tariffs have led to concerns of a broader trade war that could disrupt the global economy and drive up inflation.

On Wednesday, Trump said it was “Liberation Day, a long-awaited moment” for the US. “April 2nd, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again,” said the US president at the White House.

He added: “India, very, very tough. Very, very tough. The prime minister [Narendra Modi] just left. He’s a great friend of mine, but I said, ‘You’re a friend of mine, but you’re not treating us right. They charge us 52%. You have to understand, we charge them...

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