US President Donald Trump signed an executive order on Saturday imposing broad tariffs on imports from Mexico, Canada, and China, triggering swift retaliation from North American neighbours. Notably,

Trump’s first executive order on February 1 to impose trade tariffs did not mention India, signalling that bilateral trade negotiations may be on the cards later this month when Prime Minister Narendra Modi is scheduled to visit the US.

Indian stock markets bled in the opening session on Monday amid the imposition of tariffs by US President Donald Trump on China, Canada, and Mexico. The Nifty index declined by 0.9 per cent to 23,271.

Stiff tariffs were imposed by the United States president on China, Mexico and Canada on the grounds of ‘high trade deficit’

Tariffs on Harley Davidson bikes, a mushrooming friction point between India and the US -- have been slashed further ahead of Prime Minister Narendra Modi's proposed visit.

India's trade surplus with the US and its reliance on American trade policy for US dollar earnings make it a key player.

US President Trump announced tariffs on Mexico, Canada, and China but excluded India, which contributes 3.2% to the US trade deficit.

Tariffs on energy imports from Canada were set at a lower rate of 10%, a White House official said, to minimize the potential for disruptions in gasoline and home heating prices. The global financial markets are expected to kick off Monday after America's two top trading partners,