Trump warns of steep tariffs on pharmaceuticals
World Business Report
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Tensions Rise: US-India Trade Dilemma
This chapter examines the escalating trade tensions between the United States and India, spotlighting the US President's threats to raise tariffs on Indian goods. It includes insights from Indian business leaders concerned about the adverse effects of tariffs, especially on pharmaceuticals and tea, while highlighting India's dependence on Russian oil amidst geopolitical strategies. The chapter also reflects on the deteriorating diplomatic rapport between Trump and Modi, indicating the broader implications for their nations' trade relations.
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