In order to give room for negotiations, Trump has announced a 90-day tariff pause for more than 75 countries, imposing a temporary 10% levy. Meanwhile, tariffs on Chinese imports have been sharply raised to 125%, indicating a tougher stance amid ongoing trade tensions.
The goal of US President Donald Trump's announcement of a 90-day pause on new tariffs for all countries—aside from China—is to encourage talks with more than 75 countries that have aimed to avoid punitive trade measures, including India (which is talking about a bilateral trade agreement with the US). Imports from these nations will be subject to a uniform 10% tariff during this time.
With immediate effect, the administration has raised tariffs on Chinese imports to 125%, further solidifying its position against China. This escalation is a reaction to China's ongoing trade practices and past retaliatory actions that the US has deemed unfair.
Following President Donald Trump's decision to increase levies on China while pausing reciprocal tariffs on dozens of other countries, a government official stated Thursday that India wants to move swiftly on a trade agreement with the United States.
In February, the United States and India decided to begin the first phase of a trade agreement that would be finalized by the end of this year. The aim is to have $500 billion in two-way trade by 2030.
India is still one of the most dependable suppliers if the United States wants to guarantee a non-disruptive supply of goods to its consumers while controlling inflation.