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JPM downgrades Avis Budget amid stock rally concerns, while rising U.S. tariffs pressure companies and consumers, with Trump's copper tariffs causing unexpected market disruptions.

Why Trump Hit India With 25% Tariff: US Ex-Official

BloombergThursday, July 31, 2025 at 3:53:04 AM
NegativeFinancial Marketstrade policy
Why Trump Hit India With 25% Tariff: US Ex-Official
Former US official Nisha Biswal explains that President Trump’s decision to slap a 25% tariff on Indian exports—citing India’s own trade barriers—is a major setback for New Delhi. The move, set to take effect immediately, signals escalating trade tensions between the two nations, with India now facing tougher access to the lucrative US market.
Editor’s Note: Trade spats aren’t just about economics—they’re about leverage and politics. This tariff hike isn’t just a financial blow to Indian exporters; it’s a sign that even strategic allies like the US and India aren’t immune to protectionist friction. For businesses and consumers, it could mean higher prices and strained diplomatic relations at a time when both countries are navigating bigger global challenges.
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