Donald Trump's tariff tornado returns as India deal stalls
The Trump administration is reportedly planning a new wave of tariffs on approximately 60 countries, including India, citing trade imbalances and labor concerns. This move threatens to stall ongoing bilateral trade negotiations and potentially trigger a broader trade war.
Why it matters
New tariffs could disrupt international supply chains, increase costs for American consumers, and strain diplomatic relations between the U.S. and key trading partners.
TOI correspondant from Washington: MAGA boss Donald Trump is preparing to unleash yet another wave of tariffs on dozens of countries, including India, within days, doubling down on his favorite economic weapon just as it seemed a deal with New Delhi is within reach.The new tariffs will roll out amid mounting warnings from economists and even some of his own advisers that a fresh trade war could unsettle financial markets, fuel inflation, and hurt American consumers ahead of midterm elections in November.The latest move comes as the temporary blanket 10 percent tariff imposed on imports from virtually every trading partner is due to expire on Friday.According to the Financial Times, the administration has drawn up plans to impose new tariffs of roughly 10 to 12.5 per cent on as many as 60 countries, including India, citing investigations into alleged forced-labour practices and unfair trade policies.The White House is also pursuing…
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