A sharp price hike could dampen consumer sentiment and give South Korea's Samsung an edge as the country faces lower tariffs than China

Ashok Gulati, a well-known Indian agricultural economist and professor at the Indian Council for Research on International Economic Relations (ICRIER), said that India is unlikely to face major losses in its agricultural exports due to new tariffs announced by US President Donald Trump.

Wall Street shares recorded their worst fall in five years as major US indices were knocked out on Thursday, losing $2 trillion market capitalization.

US President Donald Trump announced new reciprocal tariffs to counter high duties charged on US goods by foreign countries. With tariffs on countries like China, India, and the EU, the move aims to rebalance trade.

Bangladeshi garment exporter Shahidullah Azim woke up on Thursday to the shock of U.S. President Donald Trump slapping a 37% tariff on his country's exports, endangering an apparel hub already reeling from domestic political upheaval.

Lawrence H Summers, President Emeritus at Harvard and former US Treasury Secretary, on Thursday shared his take on the reciprocal tariffs levied by Trump administration on India, China and several other countries.

India’s trade ministry said it would look for opportunities from U.S. tariffs and indicated it has no plans to retaliate. The 10% tariff on India will rise to 27% from April 9, substantially below levies on goods from China and economies like Vietnam and Bangladesh,

India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters.