More US tariffs coming? Why Trump may slap fresh 12.5% levies on India

India is facing a new 12.5 per cent tariff from the United States. The new tariff has been proposed by the US Trade Representative (USTR), which has been conducting an investigation into dozens of its trading partners. Under the proposed scheme, India would be hit with a 12.5 per cent levy, while other countries would face a 10 per cent tariff. Washington began the investigation after the US Supreme Court struck down Donald Trump’s ‘Liberation Day’ tariffs. Trump then introduced a new 10 per cent global tariff structure that effectively replaced the emergency tariffs invalidated by the Supreme Court. STORY…