Trump Administration Renews Tariff Threats Against 60 Global Economies

The US government has initiated a new wave of trade threats, proposing a 10% tariff on imports from over 60 countries as part of a broader protectionist strategy.

The Commerce Ministry clarified that approximately 45% of Indian exports to the US are currently exempt from these new levies, providing some relief to the domestic textile sector.

Industry bodies have expressed concern over the potential impact on global supply chains, as the administration utilizes trade law to exert pressure on international partners.