US President Donald Trump has announced a sweeping set of reciprocal tariffs, claiming that foreign nations have "looted, pillaged, raped, and plundered" the American economy. Speaking on what he termed 'Liberation Day,

India views the USA's announcement of 26% reciprocal tariffs as a 'mixed bag' rather than a 'setback.' The imposition includes a universal 10% tariff on all imports starting April 5, with an additional 16% from April 10.

For India in particular, Donald Trump announced 26% reciprocal tariff — half the rate India imposes on US imports. This is expected to impact trade between the two countries.