‘Trump’s Personal Grudge Driving Tariffs On India,’ Says Jefferies Report

A report by U.S.-based investment bank Jefferies claims the 50% tariffs on Indian goods stem largely from Donald Trump’s personal frustration over being excluded from mediating the India-Pakistan conflict. The report notes Trump hoped to act as mediator after the four-day clash in May, but his exclusion led to what Jefferies described as a “personal pique,” fueling the tariff decision against India.