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Trump Tariffs Strain India-U.S. Trade Relations Amid Rising Treasury Yields
Trump Tariffs Strain India-U.S. Trade Relations Amid Rising Treasury Yields
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BTCCSquare news:
President Donald Trump's refusal to ease tariffs on India has intensified trade tensions, with the U.S. doubling duties on Indian imports to 50%. The move targets New Delhi's continued purchases of Russian oil, which TRUMP argues exacerbates one of the world's most unbalanced trade relationships. India, defending its energy strategy, calls the tariffs unfair and has challenged U.S. duties on copper products at the WTO.
Despite the friction, Commerce Minister Piyush Goyal signals hope for a trade deal by November, emphasizing mutual interest in preserving economic ties. Meanwhile, Treasury yields rise as markets digest the geopolitical Ripple effects.
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