Trump's Mood Swing Again... Global Tariff Increased from 10% to 15%, What Will Be the Impact on India?
US President Donald Trump has increased the proposed global tariff on imports from 10% to 15%, raising concerns about the impact on countries like India.
US President Donald Trump’s recent announcement to raise the proposed global import tariff from 10% to 15% has raised eyebrows, especially given the rapid change from his earlier stance just a day prior. This decision, announced via social media, has been described by Trump as a response to a Supreme Court ruling, which he criticized as poorly articulated and exceptionally anti-American. While the tariff is set to remain in effect for 150 days, it must be enacted as law through Congress to become permanent, creating a climate of uncertainty for many global trade partners.
The implications for India are significant, as the country has previously faced reciprocal tariffs of 25% from the US. The increased tariffs could disrupt trade relations and the economic landscape for Indian exporters, particularly in sectors like technology and textiles that heavily depend on US markets. Moreover, the uncertainty over trade policies raises questions about long-term investments and economic stability in an already turbulent international environment.
As concerns mount over these tariffs, experts warn of a potential trade war that could escalate tensions between the US and its allies. For India, navigating these changes will be key, as it balances its economic interests with the unpredictability of US trade policy. The development underscores the growing complexity of international trade dynamics and the need for countries to adapt rapidly to shifting political landscapes.