What’s at Risk Now That US Is Imposing 50% Tariffs on Indian Exports
The United States is going ahead with tariffs of up to 50 percent on Indian exports after trade talks between the two countries broke down. This is expected to increase economic pressure on India due to its oil trade with Russia, and could lower export earnings, hurt export industries and slow overall economic growth.
India Can Gain from US-China Trade Rift, Says Raghuram Rajan
Raghuram Rajan, a former head of the Reserve Bank of India, believes that the current tensions between the United States and China could work in India’s favour. The uncertainty caused by the conflict will likely compel companies to look for safer and more stable countries to do business with. If India acts smartly and quickly, it could attract more trade and investment, he explained in a media interview.
What Trump’s Tariffs Mean for India and the World
U.S. President Donald Trump has announced significant tariff increases on imports, aiming to address trade imbalances and bolster domestic industries. A universal 10% tariff was imposed on all imported goods, with higher rates targeting specific countries based on trade deficits. These tariffs have led to immediate global economic repercussions.
Impact on India as Trump Imposes 25% Tariffs on Aluminium
U.S. President Donald Trump is imposing a 25% tariff on steel and aluminium imports into the United States to bolster his efforts to increase domestic production. These new duties, especially on aluminium, could also potentially strain ordinary citizens in India if it drives up prices.