Trump's tariff war..!? india will not have any problem..!?

US President donald trump has been continuously talking about imposing reciprocal taxes on other trading countries. This has raised concerns about global trade in many countries around the world. The effect of Trump's policy is also being seen in the stock markets of other countries, including India. Meanwhile, the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india has released a research report on Monday. In it, the bank said that Trump's reciprocal policy will have only a nominal impact on India. The impact will be only 3 to 3.5 percent, and according to the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india report, these taxes will only affect India's US exports by 3 to 3.5 percent, and this can be reduced through exports. Because india has diversified its exports.
According to an sbi research report, if a reciprocal tax is imposed, India's exports to the US could fall by 3-3.5 percent. This could be reduced by higher export targets in the manufacturing and services sectors as india diversifies its exports, focuses on value addition, explores alternative sectors works on new routes from europe to the US via the Middle East, and restructures new supply chain mechanisms, the sbi research report said.
Regarding Donald Trump's imposition of a 25 percent tax on metal and aluminum exports on march 13, the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india said in its research report that india could benefit from this. Because india has a trade deficit in aluminum ($13 million) and steel ($406 million) with the US. It can take advantage of this. It is noteworthy that the US reciprocal tax will be implemented in india from april 2. This was confirmed by trump last week. However, intensive bilateral talks are underway between indian and American officials. Union Commerce minister Piyush Goyal said last week that india and the US had extensive discussions with US Trade Representative Jamieson Greer on a mutually beneficial bilateral trade agreement.
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Sowmiya Sriram

17/03/2025 08:50 PM