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Tuesday, December 02, 2025 | 08:18 PM ISTहिंदी में पढें
Trump tariff impact: No need to be alarmed, this difficult phase will pass
The exporters of steel will be affected, but they have the financial strength to manage the setback. Trump has so far exempted tariffs on pharmaceuticals, electronics, and petroleum products
 "India US Trade")
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The US accounts for 18 per cent of our merchandise exports and 62 per cent of our services.
Last week, relations between India and the United States (US) nosedived after President Donald Trump announced a 25 per cent punitive tariff on goods exported from India, effective August 27, in addition to the 25 per cent reciprocal tariffs that took effect on August 1. This difficult phase will pass as both countries have enough stakes in maintaining good relations.
Few believe Trump’s excuse that he is punishing India for buying crude oil from Russia. He is more hostile towards India after Pakistan nominated him for the Nobel Peace Prize, permitted trading in his cryptocurrency and allowed the US to
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
Topics : Donald Trump exim matters Trump tariffs
