In August 2025, the United States hit India with 50% tariffs, the steepest levied on any Asian economy as trade tensions with Washington boiled over. Six months later, those duties have been slashed ...

Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration.

The monthly trade deficit fell to its lowest level in five years after the president’s imposition of sweeping global tariffs. But it’s unclear whether the trend will persist. Note: Data shows goods ...