Donald Trump’s return to the White House is already sending tremors through global trade corridors, but few economies feel the pressure quite like India. With bilateral trade crossing $125 billion in 2024, the stakes have only grown since the last time Trump’s tariffsword swung at New Delhi.India’s trade officials know the drill by now. They have danced this uneasy tango with Trump before, in 2018 and 2019, when steel and aluminium tariffs forced hurried recalibrations.
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