India ‘spreads its bets’ to beat Trump’s 50% tariff as exports rise

When India reached a free-trade agreement with New Zealand in a record time of nine months towards the end of last year, the speedy conclusion signalled New Delhi’s intention to diversify away from the United States – an approach that is only expected to gather pace. Ever since US President Donald Trump imposed import tariffs of 50 per cent on India last year, among the highest levied by Washington, the South Asian nation has maintained a resolute approach to the punitive levies, even as it has...