Economic Impacts of Tariffs on Industries and Consumers

President Trump has announced that all Indian goods sold in the United States will face a tariff of at least 25% beginning 1st August. In a post on Truth Social, he accused India of imposing unfair tariffs and trade barriers that make it too difficult for US businesses to operate. Also, the U.S. economy grew in the second quarter, driven by increased consumer spending and a sharp decline in imports. Rahul Tandon examines the overall state of the world’s largest economy. And we hear from World Bank President Ajay Banga on the outlook for the global economy during a time of uncertainty.