May 15, 2025
India faced a notable increase in its trade deficit, reaching $26.42 billion in April compared to $21.54 billion in March. The escalation is attributed to the disruption in global trade and supply chains resulting from the tariff hikes imposed by US President Donald Trump on its trade partners. The heightened deficit signals challenges for India's economy in navigating the turbulent trade dynamics.
Tags: India, Trade deficit, April, Donald trump, Tariffs, Economy,
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