
US Launches Reciprocal Tariff Policy: Impact on Global Trade, India, and Key Sectors
I. INTRODUCTION Tariff refers to a tax imposed by a country on its imports from other countries. Historically, tariffs were primarily a revenue-generating tool. However, in today’s globalized economy, they serve as instruments of negotiation and balance, aiming to ensure fair trade practices. Reciprocal Tariff Policy is a trade mechanism where a


















