April 9th 2025
On April 2nd, President Donald Trump announced a sweeping set of reciprocal tariffs, sending shockwaves through global markets and raising fears of a major trade war. Stock markets fell, and economists across the globe assessed the impact. Several nations responded swiftly—China, in particular, imposed its own retaliatory impacts. India, however, took a more measured approach. In a public statement, the Department of Commerce said it is “closely evaluating the implications” of the US trade measures. Aligned with the government's vision,