Paradigm Shift in India’s Trade Relations UPSC
India’s trade relations and strategies are facing a potential paradigm shift in light of the imposition of significantly increased tariffs by the United States on Indian goods, including seafood and apparel. The US tariffs, which were initially set at 25% and are poised to increase to 50% on August 27, 2025, have raised serious concerns about their impact on key Indian industries, particularly those involving Micro, Small, and Medium Enterprises (MSMEs). This has spurred the Indian government to reassess its existing trade strategies and consider new approaches to navigate the evolving global trade landscape.
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