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America’s tariff shock waves will reverberate across India’s economy, geopolitics and regional strategy.

US President Donald Trump's announcement of sweeping reciprocal tariffs on Wednesday—dubbed “Liberation Day”—marks a tectonic shift in global trade dynamics. While framed as a corrective measure for America's trade deficits, these tariffs risk accelerating global economic fragmentation and transformative geopolitical realignment. For India, the implications are profound, layered and largely destabilizing.
“India, very, very tough. Very, very tough,” Trump said at a news event at the White House to announce the tariffs, where he referred to Prime Minister Narendra Modi’s recent visit to the US. “The prime minister just left, and he’s a great friend of mine. But I said, …