Trump new tariffs: How India stacks up against rest of Asia

Trump new tariffs: How India stacks up against rest of Asia

US President Donald Trump’s sweeping new tariffs — reaching up to 41 per cent — have redrawn global trade lines. India now faces a 25 per cent duty as negotiations stall, while Japan, Thailand and others negotiated reductions. With Asian markets wobbling and currencies sliding, what’s next for the region?

A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024. File Image/Reuters

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