India, Trump and Trade War
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By Shivangi Acharya and Manoj Kumar NEW DELHI, Feb 3 (Reuters) - U.S. President Donald Trump's move to slash tariffs on Indian imports sparked a relief rally across the Asian country's markets on Tuesday,
Donald Trump had slapped India with a punitive 25% tariff for buying Russian oil on top of a 25% ‘reciprocal’ tariff.
The relationship between India and Canada has been visibly on the mend since Mr. Modi attended the Group of 7 summit in Alberta at Mr. Carney’s invitation in June 2025, shortly before the shock of the American tariffs.
Prime Minister Narendra Modi’s plan to protect India’s economy from Donald Trump’s tariffs is coming into sharper focus.
President Donald Trump continues to defend his use of tariffs worldwide as businesses await a U.S. Supreme Court ruling on the president’s tariff authority.
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