Bloomberg reporters take your questions on how Trump’s tariffs on India mark a sharp reversal after more than a decade of deepening US–India ties, plus what it means for trade, markets and regional power dynamics.

Here is the full text of the Executive Order imposing an additional ad valorem rate of duty of 25 per cent on Indian goods exported to the United States.

India’s central bank held its key interest rate as Donald Trump’s planned increase to tariffs on the country’s exports to the US threatens to send its economy into turmoil. The Reserve Bank of India ’s decision to keep the repo rate at 5.

President Donald Trump has said his tariffs were designed to close the gap between the amount of goods imported and exported. The U.S. trade deficit declined in June, but tariffs may have played an unexpected role.

The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.

The U.S. trade deficit narrowed in June as President Donald Trump’s tariffs deterred businesses from importing goods, the Department of Commerce said Tuesday.