24
Apr
Chennai, (Tamil Nadu) [India], April 24, 2025: On April 2, 2025, global markets were jolted by a powerful and unexpected move from the United States. President Donald Trump, reinstated in office, issued a sweeping tariff order under what he termed “Liberation Day”—a policy imposing baseline import duties and country-specific penalties aimed at rebalancing America’s trade dynamics. For India, the blow came hard and fast: a 26% import tariff was levied on a wide range of its exports to the U.S., affecting critical industries such as pharmaceuticals, textiles, engineering goods, and industrial electronics. This development set off an immediate chain reaction…