India, June 3 -- Indian shares recouped some early losses on Wednesday but still ended lower due to tariff concerns and lingering uncertainty over U.S.-Iran peace negotiations.
Tariff worries returned to the fore after the U.S. Trade Representative proposed slapping 12.5 percent additional duties on 54 countries, including India, for forced-labor practices.
The new tariffs, if implemented, would enable U.S. President Donald Trump to skirt limits on his tariffs imposed by the Supreme Court.
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