In India, the impact of Donald Trump’s latest trade policies on Chinese goods, imposing a 104% tariff, has reverberated across global markets. The escalating “reciprocal” tariffs have raised concerns of a potential recession as stock markets react adversely to the uncertainty. The initial focus on fentanyl-related duties has now evolved into a full-blown trade war, with retaliatory measures being anticipated. This move is likely to result in increased consumer prices, affecting various sectors of the economy. The repercussions of these tariffs are being closely monitored by experts and policymakers as they navigate through the complexities of international trade dynamics. Stay updated on the latest developments as the situation continues to unfold.