The move to reduce Treasury bills came well before Donald Trump imposed 50% tariffs on most imports from the South Asian nation India has reduced its holdings of US Treasury bills over the past year, reflecting a more cautious approach in its central bank’s management of foreign exchange reserves, the Indian Express reported on Tuesday. The newspaper cited US Treasury Department data, which showed that India’s investments in American securities reached a peak of $247.2 billion in September 2024.

Tag-uri: Donald Trump