Trump made the remarks during a press conference in which he was asked about the meeting of Tesla CEO Elon Musk with PM Modi

U.S. President Donald Trump said on Tuesday he intends to impose a "25% or higher" levies on semiconductors and pharmaceutical imports, and raise it

With tariffs on imports averaging 14%, India is especially vulnerable to the reciprocal levies Trump says he will impose on some countries.

India Prime Minister Narendra Modi wants to talk about much more than tariffs as he visits the White House today.

Indian drugmakers are hoping that bilateral discussions between the country and the United States will help them steer clear of President Donald Trump's plan to levy at least 25% tariffs on pharmaceutical imports,

Goldman Sachs also noted that non-tariff barriers, such as import licences and export subsidies, present a complex challenge.