#TariffsPause

The US implemented sweeping tariffs on April 2, 2025, including a 10% baseline and higher "reciprocal tariffs." However, a 90-day pause on these higher tariffs was announced on April 9 for most countries, excluding China, whose tariffs increased to 125%. This pause, prompted by willingness for trade negotiations, offers relief to nations like India, now subject to the baseline 10% tariff. India aims to expedite trade deal discussions with the US during this window, with a goal of a bilateral agreement by end-2025 and increased trade by 2030. The long-term global trade impact hinges on negotiation outcomes.