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Finance minister Nirmala Sitharaman's budget, though celebrated for the tax cuts by the middle class, did not impress stock markets due to the global economic uncertainty caused by anticipated tariffs from former President Donald Trump. The budget's most noteworthy feature is the reduction of the fiscal deficit to 4.4% of GDP.
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The US president will tax imports from America's three largest trading partners but retaliation is expected.
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Retaliatory taxes against the US by other nations could lead global trade into uncharted territory.
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News and Media
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