India has announced tariff hikes totaling $235 million on 29 U.S. goods — including agricultural products, steel and aluminum — in direct retaliation to U.S. tariffs. The big picture: Despite decades of economic frictions, the strategic partnership between the world’s two largest democracies has continued to strengthen. Recently, however, President Trump’s trade policies have inflamed … Continue reading India imposes retaliatory tariffs, escalating U.S. trade tensions