The impact of the proposed reciprocal tariffs by the United States on India will depend on how the policy is implemented--whether on a sectoral basis or a product-specific basis. Trade experts suggest that there is still no clarity on the rules and conditions of this tariff policy,

Mumbai: The signing of the reciprocal tariff bill by President Trump on Friday morning marks a pivotal shift in global trade dynamics, with India emerging as one of the most significantly impacted nations. For India, the implications are profound, particularly for its export-driven economy.

WASHINGTON — President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.