News Snapshot:
(Reuters) - India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America. Below are some of the key points: TARIFF RATE AND COMMENTS ON INDIA A flat 26% tariff was imposed on all goods being exported by India to the United States, amidst reciprocal tariffs in the range of 10%-49% unveiled by Trump for other countries. The United States imposes a 2.5% tariff on passenger vehicle imports, while India imposes 70%, the White House said in a statement. Apples are allowed to enter U.S. duty...