Reactive and proactive – how India should respond to Trump’s tariff

News Snapshot:

Donald Trump’s tariff wars are beginning to bite beyond China, Canada and Mexico. On Wednesday, the US President signed a proclamation imposing a 25 per cent import duty on automobiles as well as key parts — from engines, transmission and powertrain to electrical components. These come on top of the 25 per cent tariff on all steel and aluminium imported into the US, which was announced on March 12. India may not be a major exporter of steel and passenger cars to the US. But that’s not so with aluminium, where Indian exports to the US were valued at $945.7...