President Donald Trump of the United States announced Wednesday that reciprocal tariffs on China and India will begin on April 2. According to him, businesses that do not manufacture their goods in the United States will be subject to a tariff under the Trump administration,

While Indian officials say discussions are “advancing”, Trump on Friday said New Delhi had agreed to cut its tariffs “way down”. US commerce secretary Howard Lutnick said India needed to buy more defence products and lower its tariffs for the two countries to sign a “grand” bilateral deal.

The recently announced U.S. tariffs on steel imports mean that countries like China, which export to the U.S., will need to find new markets — and that could lead to steel dumping in places like India