Donald Trump Tariff Policy: US President Donald Trump has recently announced a “Reciperook Tariff” policy, under which the US will now impose the same tariffs on other countries that it puts 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 this situation has brought both relief and opportunity for India. However, when you look at the family per family, you will know that every year Indian families may suffer a loss of a few thousand rupees due to Trump’s tariff policy.
How much damage can Indian families suffer
The impact of this tariff policy on India’s economy is expected to be limited. Experts say that this will reduce India’s GDP only 0.19 percent, which is equal to the fall in income of Rs 2396 per family annually. The reason for this is India’s strong domestic demand and its limited stake in global exports (2.4 percent).
India is a major trading partner of America. Between April and February 2025, India has exported goods worth $ 395.63 billion to the US. Increasing tariffs will definitely affect textile, electronics and agricultural products. Understand this that India sends clothes worth $ 8 billion and $ 5 billion agricultural products to America every year. But due to more tariffs on countries like Bangladesh and Vietnam, Indian products will be relatively cheap and exports can get a new opportunity.
India is in good condition
Under Trump’s new tariff policy, a base tariff of 10 percent has been imposed on all countries, in which 26 percent additional fee has been added to India. At the same time, 34 percent tariff will be applicable on China, 46 percent on Vietnam, 37 percent on Bangladesh and 20 percent on European Union. In such a situation, India seems to be in a better position than in compatible countries, because Indian goods will still be comparatively cheap in the American market.
America in danger of stagflation
At the same time, there is a danger of increasing inflation and stopping economic growth in America, which is called ‘stagflation’. Apart from this, if other countries apply counter tariffs, then the global trade can become a situation of war. In such a situation, this is the time to create new strategies for India and find new markets.
The government is working fast on dumping dumping to protect domestic industries and trade agreement with the US. If India is able to make effective trade deals with the US, UK and Gulf countries, then areas like textile, electronics and semiconductor can benefit greatly.
Also read: Gold Price Today: What is gold-silver rates in your city on 7 April 2025