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US President Donald Trump on Wednesday announced a 25% tariff on Indian imports starting August 1, a move that is expected to raise prices for American consumers across key sectors such as smartphones, textiles, auto parts and jewellery. The announcement, made on Truth Social, cites India’s “high tariffs" and “non-monetary trade barriers," though analysts say the move could backfire for the US economy.“India is our friend," Trump wrote, “but we have done relatively little business with them because their tariffs are far too high… and they have the most strenuous and obnoxious non‑monetary trade barriers of any country." News18 Mobile App - https://onelink.to/desc-youtube
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