Impact of Trump's Tariffs on Indian Economy
Updated: 03 Apr 2025, 10:19 AM IST
The global economy faces turbulence due to Trump's tariffs, with India being hit by a 26% reciprocal tariff on its goods. This article discusses the implications of these measures on the Indian economy.
The Impact of Trump's Tariffs on Indian Economy
The global economy has witnessed significant turbulence in recent months, largely driven by the trade weapon of US President Donald Trump: tariffs. After much speculation, Washington has finally announced its anticipated tariffs, dealing a fresh blow to India. A reciprocal tariff of 26% on Indian goods, effective from 9th April, has dashed hopes of immediate relief from Trump's trade policies. This measure is part of a broader crackdown, including a 10% baseline tariff on all imports.