![\"Trump](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Trump-Tariffs-India-Makes-Big-Concession-In-US-Trade-War.jpg\")
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India decided to introduce retaliatory measures against Trump tariffs after the US President decided to raise duties on steel and aluminum imports. The announcement comes just as US-China trade deal sees positive development, raising doubts over America\u2019s China plus one policy.<\/p>\n
US President Donald Trump has dialed back significantly on the U.S.-China trade war after raising 145% in April. On the other hand, the progress on US-India trade talks seems to hit a barrier as India plans to put tariffs on several products\u00a0 as a retaliatory response to Trump tariffs on US steel and aluminum imports.<\/p>\n
In March, the United States introduced a 25% tariff on steel and aluminum imports. As the world\u2019s second-largest crude steel producer, India informed the WTO that these tariffs would impact $7.6 billion worth of Indian exports to the US.<\/p>\n
The US-India trade war<\/a> tensions escalated at a time when the two countries were discussing a Bilateral Trade Agreement (BTA), which is likely to conclude on July 8. This will be just before the 25% Trump tariffs kick in on Indian imports into the US, considering the 90-day grace period.<\/p>\n With President Trump announcing agreements with the UK and China over the past week, India, a key economic partner, waits on the sidelines. On Monday, Trump declared a \u201ctotal reset\u201d in the US-China Trade deal following the public release of the trade deal details between the two nations.<\/p>\n This could potentially impact India\u2019s competitive edge in attracting global firms willing to relocate from China. This dialing back of Trump tariffs on China<\/a> undermines the \u201cChina Plus One\u201d strategy.<\/p>\n Amid these broader macro developments, crypto market continues its upside, with Bitcoin price<\/a> bouncing back 2% to $103,500, after dropping back on Tuesday. Altcoins are staging even greater strength with Ethereum (ETH) leading the pack with 9% gains. Other top altcoins<\/a> like XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have gained 4-10% today.<\/p>\n The post Trump Tariffs: India Slaps Back Amid US-China Trade Deal<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" India decided to introduce retaliatory measures against Trump tariffs after the US President decided to raise duties on steel and aluminum imports. The announcement comes just as US-China trade deal sees positive development, raising doubts over America\u2019s China plus one policy. Trump Tariffs: India Doesn\u2019t Give Up to Donald Trump\u2019s Whims US President Donald Trump […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-392011","post","type-post","status-publish","format-standard","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=392011"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392011\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=392011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=392011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=392011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Crypto Market Upside Continues<\/h2>\n