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Time for Indian manufacturing to step up as Trump tariffs reshape trade

While all nations are bracing themselves for the impact, leaders of different countries have reacted differently

Donald Trump, Trump
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(Photo: PTI)

Prosenjit Datta

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How much impact will the US President Donald Trump’s so-called “Liberation Day” tariffs, set to be announced on April 2, have on the Indian economy, the economies of other countries such as Canada, Brazil, Mexico and China, and the global economy overall? This will probably be quantifiable only after some time — perhaps a year or more. Certainly, the consensus is that the short-term and long-term impact will be quite bad, not just for the US’ trade partners but also for the US itself and even countries that do not trade with the US in a major way. This is
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper