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Podcast: In Focus by The Hindu
Episode: What are the implications of Trump’s threat to ‘mirror’ India’s tariffs?
Description: The United States is India’s biggest trading partner. In 2023, the U.S.-India bilateral trade in goods and services stood at $190.08 billion -- $123.89 billion in goods and $66.19 billion in services trade. 17.7% of India’s exports are to the US.In 2024, India enjoyed a goods trade surplus to the tune of $45.7 billion. American exports into India also face a higher rate of tariffs than India’s exports to the US. Now President Donald Trump has said that the US will mirror Indian tariffs from April 2. This means tariffs on Indian goods will increase substantially.If this d...