The United States, under President Donald Trump, imposed a 50% tariff on India following the latter’s refusal to accept mediation between India and Pakistan. This decision, detailed in a report by Jefferies, a multinational investment bank, stemmed from Trump’s desire to intervene in the ongoing tensions between the two nations. The report suggests that the tariffs were a direct consequence of Trump’s disappointment, particularly after India declined his offer to mediate, viewing it as a bilateral matter. The move was triggered by the Pahalgam terror attack, which led to heightened tensions. The report indicates that Trump’s frustration was a significant factor, leading him to impose the unprecedented tariffs despite potential economic repercussions. Furthermore, Jefferies highlighted the importance of agriculture as a point of contention, noting that successive Indian governments have been unwilling to open the sector to imports due to the potential impact on millions of farmers and related laborers.
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