The United States has officially implemented a sweeping tariff hike under its new “reciprocal tariff” policy, targeting countries that maintain high trade barriers against American goods. India is among the worst-hit, facing tariffs of up to 50% on a range of exports including pharmaceuticals and electronics. This move pushes the overall US tariff rate to levels unseen since the 1930s.
Markets around the globe are reacting sharply. Stock indices in Asia and Europe opened lower, while manufacturing sectors in tariff-targeted countries brace for higher costs and slower exports. The sudden tariff jump is also creating panic among global investors and supply chain managers.
India has called the decision unilateral and is evaluating retaliatory trade measures. Economists fear that prolonged tariff wars could destabilize emerging markets and push consumer prices upward. Businesses are now urgently revising their trade routes and supplier strategies.
