India charges 52%, but Trump imposed a ‘discounted’ 26% tariff: Explaining Trump admin’s tariff formula – The Times of India
US President Donald Trump President Donald Trump on Wednesday announced a new tariff regime, imposing a 10% baseline tax on imports from all nations, alongside significantly higher levies on countries that maintain a trade surplus with the United States. The move, which Trump enacted by declaring a national economic emergency, is expected to generate hundreds…