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India’s September Trade Deficit Hits 13-Month High Amid US Tariffs

Declining exports to the United States, impacted by Trump administration tariffs, drove India’s trade gap to its highest level in over a year.

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Terms & Concepts
  • Trade Deficit: The amount by which a country's imports exceed its exports, indicating a negative balance of trade.
  • Tariffs: Taxes imposed on imported goods, typically to protect domestic industries or respond to trade disputes.