Donald Trump's tariff bomb created a stir in the whole world!
donald trump had announced during the presidential election that whenever he comes to power, he will implement the reciprocal tariff policy. After winning the election, he announced the "reciprocal tariff" policy and implemented it on many countries from april 2. Under this, America will now impose the same tariff on other countries as those countries impose on American goods. This decision has created a stir in the global business world. The economies of many countries may be affected by this, but for india this situation has brought both relief and opportunity. However, when seen on a per family basis, it will be known that due to Trump's tariff policy, indian families may suffer a loss of a few thousand rupees every year.
How much loss can indian families suffer?
The impact of this tariff policy on India's economy is expected to be limited. According to a Goldman Sachs report, Trump's tariff bomb can reduce India's GDP by only 0.19 percent, which is equivalent to a drop in income of Rs 2396 per family annually. The reason for this is India's strong domestic demand and its limited share (2.4 percent) in global exports.
india is a major trading partner of America. Between april and february 2025, india exported goods worth $395.63 billion to the US. The increase in tariff will definitely affect textiles, electronics and agricultural products. Understand it like this that india sends clothes worth $8 billion and agricultural products worth $5 billion to the US every year. But due to higher tariffs on countries like bangladesh and Vietnam, indian products will remain relatively cheaper and exports can get a new opportunity.
india is in a good position
Under Trump's new tariff policy, a base tariff of 10 percent has been imposed on all countries, in which an additional duty of 26 percent has been added on India. At the same time, a tariff of 34% will be imposed on China, 46% on Vietnam, 37% on bangladesh and 20% on the european Union. In such a situation, india seems to be in a better position than its competitive countries, because indian goods will still be comparatively cheaper in the American market.
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