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US dark cloud, 3 silver linings for India: tariff level, trade talks, reforms | Business News - The Indian Express
https://indianexpress.com/article/business/donald-trumps-reciprocal-tariffs-the-silver-linings-for-india-9921531/
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Tariffs work on a comparative basis, and while the levy imposed by one country on another is important, more consequential is the tariff rate applied on the latter’s competitors.
