Q1. Under which one of the following U.S. statutes did the Trump administration impose the 'reciprocal tariffs' on Indian exports that preceded the negotiation of the India-U.S. Bilateral Trade Agreement (BTA)?
- A. Trade Expansion Act, 1962 (Section 232)
- B. International Emergency Economic Powers Act (IEEPA), 1977
- C. Smoot-Hawley Tariff Act, 1930
- D. Trade Act, 1974 (Section 301)