India is currently facing the highest tariff rate globally, imposed by the United States at 50%. This marks a significant downturn in US-India relations as trade negotiations have broken down unexpectedly, catching many experts by surprise. Despite previously friendly relations between US President Trump and Indian Prime Minister Modi, recent events suggest rising tensions. The US has also imposed tariffs due to India's continued import of Russian oil. Moving forward, India needs to find a path to rebuild trust with the US amid these challenges.
India faces the highest tariff rate globally at 50 percent, imposed by the United States, signaling a significant low point in US-India trade relations.
The breakdown of trade negotiations between India and the US, despite previous friendly relations between Trump and Modi, has highlighted a fragile partnership.
Experts suggest that India needs a pragmatic path forward to rebuild trust with the US, especially amid recent tensions over tariffs and oil imports.
Bilateral trade reached approximately $212 billion last year, but with a trade gap of about $46 billion in India's favor, the current tariffs threaten this economic balance.
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