There may be quick relief in the huge tariffs imposed on India by America. Chief Economic Advisor (CEA) V Anant Nageswaran hoped on Thursday that the resolution of the dispute with the US over high tariffs could be resolved in the next eight to ten weeks. The US had imposed an additional 25 percent tariff on Indian products from August 27 for the purchase of oil from Russia. With this, the total tariff in America on Indian products has increased to 50 percent.

The conversation continues behind the curtain- V Anant Nagswaran
Nageswaran said in a program organized by the Board of Industry, ‘Negotiations are going on between the two governments behind the screen. I estimate that the tariff imposed by the US on Indian goods will come out in the next eight to ten weeks. He further said-‘I believe that punitive fees will not be applicable after November 30’. However, he warned that the export of Indian things to America may decline in the event of tariff continuing.

The relationship between the two countries due to tariff
After US President Donald Trump’s tariff growth decision, the relationship between the two countries became tense for some time. However, after receiving favorable indications at the level of top leadership, the discussion about the trade agreement between the two countries has started again. Describing India as a low-middle-income aspiration economy, the Chief Economic Advisor said that in the first quarter of the current financial year, the actual GDP (GDP) increased at a rate of 7.8 percent. After the Kovid epidemic, India has registered a faster growth compared to many countries. He said that with the progress of manufacturing, service and agricultural sectors, strengthening of rural demand and improvement in urban demand will give the basis of economic growth in the next two years.

What Nageshwaran said on relief in GST rates?
Nagswaran said that the relief given in GST rates recently will increase additional income in the hands of consumers. The MSME sector has increased loans and large industry units are facing structural changes in debt distribution. He said that in the first quarter of the current financial year, the current account deficit of GDP was reduced to 0.2 percent and foreign exchange reserves are also healthy. He said, “Though the rupee is weakening against the dollar, but given the strength of the economy, I am sure that the rupee will maintain its value in the long run and it will also strengthen it.”

Nagswaran said that the priorities of the government include capital expenditure, encouragement of private investment and improvement in regulatory structure. He called upon the private sector to spend more on innovation and research. On the impact of AI on the Arthi system, he said that its impact is limited at present but there will be pressure on coding jobs. He said that in such a situation people will have to increase their skills.

Trump Tariff: US President Donald Trump has imposed tariffs on the goods that are imported in America i.e. other countries from other countries. He says that this will promote manufacturing in America and create employment. While critics say that due to tariffs, the prices of things in America will increase, which will damage the economy.

What is tariff?

Tariff means tax imposed on foreign goods and services. Under this, when the company selling goods crosses the border, it pays this tax to the government of another country as a tariff. This makes the goods imported from abroad expensive, while the government makes profit from tax. America has imposed 50 percent tariff on India. That is, if someone is being sold in India for 100 rupees, then he will now sell in America for 150 rupees with tariffs. It is clear that additional 50 rupees to be charged as tariffs will be added to the treasury of the US government. Its entire pressure will be on common American citizens and companies there.

Crisis on foreign goods

When foreign products are cheap, more and more customers buy it. At the same time, when foreign goods become expensive due to tariffs, people give priority to the goods made in their country. It accelerates local manufacturing. In such a situation, many times local companies also decide to import less goods. Trump says that tariffs will increase the government’s earnings in the form of tax, consumers will be encouraged to buy more American -made goods and will boost investment in America.

Because of this, Trump imposed tariff

Trump wants to reduce America’s trade deficit – the difference between the goods purchased from other countries and the value of the goods sold to them. Trump says that other countries have exploited America, foreigners have looted it. Trump had said, “Our country has been looted by other countries. American taxpayers are being looted for more than 50 years, but now this is not going to happen. I am signing a historical executive order imposing reciperook tariffs on countries around the world. The reciperook, this means that we will do with them as they are doing with us. “

In the same sequence, announcing the tariff against China, Mexico and Canada, Trump said that these countries should make more efforts to prevent the reach of migrants and illegal drugs in the US. He has also threatened to impose tariffs on countries doing business with Russia, until there is no agreement towards ending the ongoing war in Ukraine.

However, since the announcement of tariffs, many times they have been changed or postponed them for some time. Trump’s tariff has also faced many legal challenges. In August, an American court while giving its verdict said that most of the tariffs imposed by Trump are illegal.

Trump’s tariff imposed on different countries

• 50 percent tariff on Indian goods – including 25 percent fine on trade with Russia.
• 50 percent tariff on Brazilian items
• 30 percent tariff on South African items
• 20 percent tariff on Vietnamese items
• 15 percent tariff on Japanese items
• 15 percent tariff on South Korean items

China and the US had threatened to put more than 100 % tariffs on each other’s goods. However, both have agreed to extend their trade ceasefire by 10 November.

Canada has a tariff up to 35 percent. Currently, talks are going on between the two. America is also continuing its conversation. Canadian Prime Minister Mark Carney said that his country will remove some ventilative fees for the free trade deal of most of the goods.

Mexico has been given a discount of 30 percent or more by the end of October to get time for the agreement.

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Trump Tariff: US President Donald Trump’s government on Wednesday sent letters to American trading partners in Asia, Africa and Europe at new tariff rates. In this way, the process of imposing tariffs on imports from almost every country in the world continued. The new tariff is going to be implemented from 1 August.

Trump sent letters to seven countries

The Philippines is the largest trading partner in America among the seven countries who have been sent letters at new tariff rates on Wednesday. Last year, $ 14.1 billion goods were sent to the US from here. However, this figure is lower than other trading partners of America like China and European Union. Let us know that on Wednesday, the tariff rates on many countries on the countries that Trump have imposed tariffs are similar to the tariff imposed on the occasion of ‘Liberation Day’ in April. However, some changes have been made.

These countries get relief

Trump has increased the tariff rate for the Philippines from 17 percent to 20 percent, while the tariff on Moldova has reduced the tariff from 31 percent to 25 percent, 39 percent on Iraq to 30 percent, the tariff on Sri Lankan exports has reduced the tariff to 30 percent. Apart from this, Trump has put 30 percent on Algeria, 25 percent on Brunei and 30 percent on Libya. Earlier, Trump also announced to impose 25 percent tariffs on Japan and South Korea on Monday.

A letter means a deal

In the cabinet meeting on Tuesday, Trump had said that the letter sent on his behalf about the tariff is in exchange for negotiations on compromises from many countries. Trump said, “I just want to tell you that a letter means a deal. We cannot meet with 200 countries … You have to do it in a more common way. ”

The process of sending letters at the new tariff rate began when Trump signed an executive order on Monday, with an officially postponed date on the date of applying reciperook tariff with 10 to 50 percent tariffs on exports of about 60 business partners.

Trump had announced to put a recipe for some time from 9 April, after which the President suspended it till 9 July and then Monday’s order extended its deadline till 1 August.

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India-as Mini Trade Deal: The negotiations on the limited trade agreement between India and the United States are in the final stages. American tariff deadline is happening on Wednesday (July 9, 2025). For other countries, this deadline has been extended till August 1, but India has not been included in it, which is estimated that the official announcement of the deal between the two countries can be made anytime tonight.

The conversation was going on for a long time
According to a senior official, talks were going on between India and the US for several weeks. However, this deal will be limited as many areas could not be agreed. India was firm on its demands and was willing to face the tariff, but the US took the initiative to negotiate.

Suspense over tariff
It is not yet clear how much tariff America will impose on India, but according to reports it can be between 10 and 20 percent. Donald Trump warned of 10% additional tariff on BRICS countries. 26% of the recipe rockel tariff has already been implemented on India.

India does not have a trade deficit from America
In the financial year 2022-23, India exported ₹ 6.84 lakh crore to the US while in 2023-24 it was ₹ 6.75 lakh crore. At the same time, India’s imports from America decreased from ₹ 4.43 lakh crore to ₹ 3.67 lakh crore in 2023-24. India exports double to America, which will benefit it despite the tariff.

China-Bangladesh loss, India will get benefit
After the Geneva Agreement, the tariff war between the US and China has intensified. The US has imposed 51% tariff on China and 35% on Bangladesh. This will affect the export capacity of these countries and India will get competitive benefits in the US market, especially in textile.

Who will benefit from this deal?
To India:

• Textile, medicines, and jewelery access to the US market
• Export will be cheaper by removing 26% reciperook tariff
• Bilateral trade can reach $ 500 billion by 2030

To America:

• Products like Pekan Nuts, Blueberry and Automobiles are a chance to sell on low tariffs in India
• An opportunity to strengthen market in Asia
• The possibilities of broad deal in future will be stronger

Trump Tariff: US President Donald Trump imposed reciperook tariffs on several countries including China. He said that other countries collect high tariffs from America and now America will also collect high tariffs from them. He had told that his tariff policy will promote manufacturing in America and will also speed up the American economy.

However, it seems to be reverse now because America is a country where there are many things that are not either manufactured or at very low levels. In such a situation, it is obvious that these products will be ordered from other countries and the same thing is now knocking on American companies because they will also have to face their retaliation for ordering goods from other countries.

Many American companies trust Chinese manufacturing

Now take China only. The US has imposed a huge tariff of 145 percent on Chinese imports. At the same time, China has also given a befitting reply to this and has imposed a 125 percent tariff on America. Apart from this, the 20 percent tariff already imposed is separate i.e. Total 145 percent tariff.

It is well known that products of many tech companies like Apple are prepared in China. Now when the goods are brought to America from here, they will have to pay high tariffs on them. The effect of this concern is that the shares of companies like Apple, Nvidia saw a huge decline and as a result the US stock market also suffered a strong loss. Perhaps this is the reason why smartphones and computers will no longer come under the purview of American reciperook tariff.

These products will not come under the purview of reciperook tariff

According to the notice issued by S Customs and Border Protection, smartphones, laptops and many other tech components will not come under the purview of reciperochl tariff. On Friday, the US CBP made a list of 20 such product categories, which will not be brought under the reciperoot tariff.

These include smartphones, computer/laptop telecom equipment, disc drive, recording device, data processing machine, printed circuit board assembly, wireless earphones, routers. The move will provide relief to many impoters and American tech companies, which are dependent on China for manufacturing.

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Trump Tariff: US President Donald Trump’s 26 percent tariff imposed on India has come into effect from Wednesday. Meanwhile, the stock market also saw a decline today amid the concerns of the global trade war. The stock market has continued to decline since Trump’s announcement of tariffs last week. In view of this, there will be an important meeting of the Union Cabinet today, in which a strategy will be made on ways to reduce this decline.

India adopted cautious stand on tariff

A good thing for India is that Trump has excluded semiconductor, copper and pharmaceuticals from the list of tariffs. Let us know that India supplies about half of America’s generic medicines. However, Trump’s tariff will have an impact on the export of many big sectors like auto parts, jewelery, james.

According to the IndiaTude report, the government is constantly in touch with expoters to reduce the effect of tariffs. Trump has said so many times that India has repeatedly misused trade relations. The government has taken a cautious stand on the issue of tariffs. Sources say that India is not in favor of retaliation on it.

Instead, the government is actively working on the US-India Trade Agreement, which was announced during Prime Minister Narendra Modi’s visit to America earlier this year. In March, the two countries agreed to bring bilateral trade agreement (BTA) to $ 500 billion by 2030.

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Tesla and Space X owner Alan Musk sent a shocking message to US President Donald Trump on tariff policy. Musk shared a video of Nobel Prize winner Milton Freedman on the social media platform X and gave the message of free trade in gestures to Trump.

What is the whole matter?

According to the US media report, Allen Musk is no longer happy with Donald Trump’s tariff policy and he is privately appealed to him to back down on the trump tariff policy. Perhaps this is the reason why Alan Musk has shared a video of Freedman on his X handle, in which he is giving the message of free trade.

What’s in the video?

In the video of Nobel Prize winner Milton Freedman, the importance of free trade is explained by an example of a pencil. His argument was that the free market not only increases production capacity, but also promotes world peace.

pic.twitter.com/azqwpma0om

– elon musk (@elonmusk) April 7, 2025

Let me tell you, Milton Freedman, who is considered the father of monetaryism, gave his views in support of government intervention and support of free market. Freedman, who won the Nobel Prize for Economics in 1976, believed that controlling money supply is the best way to stop inflation. By sharing his video, he is clearly indicating Musk that he does not agree with Trump’s tariff policy at the moment.

The effect of tariff on the musk

Trump’s tariff policy is expected to have a direct impact on Tesla. The US has imposed 34 per cent tariffs on China, 26 per cent on India and 29 per cent on Pakistan. In response to this, other countries have also increased duty on American imports, which may affect the demand for Tesla cars abroad.

Analysts believe that this move of Musk presents a major challenge for the Trump government. On the one hand, while Trump is adamant on putting tariffs to promote American manufacturing, on the other hand his prominent supporters are now seen in the mood to not support these policies.

Can a new debate start on the tariff policy?

This tariff war has also affected the global markets. The US stock market has recorded a huge decline and millions of millions of dollars of investors have been drowned. Due to this uncertainty spread in the markets, there is a possibility of further ups and downs in the coming days. Experts believe that this move of Musk can give a new direction to the debate on American trade policy. However, it will be politically difficult for Trump to retreat from his tariff policy.

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https://www.youtube.com/watch?v=bhg5ulcGyy

Us china tariff war: After Trump’s tariff policy, there has been an outcry in the global market in the last few days. The stock markets of Asia and Europe have declined drastically. In response to Trump’s tariff, China imposed a 34 percent tariff on the US. With this action of China, Trump threatened to impose 50 percent tariff on sugar imports. Now China’s response to this has come to light.

China said- will fight till the end

The Chinese Foreign Ministry spokesman said on Tuesday (8 April 2025) that if the US ignores the interests of China and the international community and insisted on starting the tariff war and trade war, China will fight till the end. The US President said that if China till tomorrow (Tuesday 8 April 2025) does not withdraw the additional tariffs levied on American goods in response to their initial charges, they will impose 50 per cent tariff on sugar imports by Wednesday.

This is the economic bullying of America- China

To this the Chinese spokesperson said, “The abuse of tariff from the US has severely violated the valid rights and interests of various countries, severely violated the rules of the World Trade Organization, has severely damaged the rules-based multilateral trade system and has a serious impact on the stability of the global economic system. It is opposed to the international community and its strict opposed to the international community. Condemns and strongly opposed it. “

China imposed additional tariffs

China’s Finance Ministry said on Friday (4 April 2025) that an additional tariff of 34 per cent would be imposed on all goods imported from the US from April 10. China had described the American tariff as Dadagiri and said that it would not only harm America’s interests, but will also endanger global economic development, supply chain.

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India Export to America: There was a race to export at the last minute among the companies to avoid US President Donald Trump’s reciperook tariff. Due to this, India helped in reaching 437 billion dollars of export level. The iPhone maker Apple was also far ahead in this matter. It is being said that before the tariff grows, the company sent the iPhone and five aircraft filled with its other products in just three days to fill the stock in its warehouses.

Apple sent its goods from China and India

On Saturday, the Times of India said in its report that Apple has sent a large number of shipments from both India and China, while this is a low shopping season. Another official said that the same trend was seen in the case of many other electronics products. Export of James and Jewelery also increased a lot during this period.

Ratna and jewelery exports to the US increased by nearly six times to $ 344 million through precious cargo clearance system for custom in Mumbai between 1 and 4 April, compared to $ 61 million in the same period last year. This was probably done to avoid 10 percent baseline tariffs which came into force from Saturday midnight. Similarly, a similar boom has increased in the shipment of clothes.

Export can reach 800 billion dollars

During the financial year ended in March, India is expected to cross $ 800 billion of goods and service exports. In 2023-24, the total export reached $ 778 billion after 3 percent declined in India’s Goods Export.

According to the Times of India report, Kirit Bhansali, chairman of James and Jewelery Export Promotion Council, said, “There has been a tremendous bounce in exports in the last week of March.”

Fio Director General Ajay Sahai said, “Exports were more than sectors in which it was possible to deliver goods to America by air. I hope to export more than $ 40 billion in March 2025. ”Business data is going to be released on April 15.

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The US has suffered a major setback due to President Donald Trump’s new 25 percent import tariff policy. In fact, one of India’s largest auto companies, Tata Motors’ luxury car subsidiary Jaguar Land Rover (JLR) has currently stopped supply of Jaguar and Land Rover cars to America to America.

What is the whole matter?

According to Bloomberg’s report, JLR is temporarily stopping the Shipment of cars to the US from Monday, so that it can find a way to deal with new import tax. Under the new policy of Trump administration, now the vehicles imported in the US will be directly taxed, which has come into force from Thursday.

Jaguar Land Rover has a stock of vehicles for a few months in the US, which will not cost this new tax. But due to the implementation of tax on the new shipment, the company has currently suppressed the stop-button.

What did the company say?

According to The Times report, JLR says that it is re -preparing its strategy in this changed trade environment. The company said in a statement on its website, “Our luxury brands have a global appeal and we are capable of molding ourselves according to the changing markets. At this time we have a priority to provide better service to our global clients and prepare ourselves according to America’s new trading terms.”

Jaguar Land Rover had sold a total of 4.3 lakh vehicles in the last 12 months till March 2024, out of which about 25 percent were sold in North America alone. In January 2024, the company said that its quarter pre-tax profit had fallen by 17 per cent. That is, the company is already in pressure.

Tata Motors has bought the company

Tata Motors bought Jaguar Land Rover in 2008 from the American company Ford. Now that the trade policy of America is getting strict again, it is considered a major setback for TATA and the echo of this shock is not limited to UK or US, it can also affect India’s credibility and strategic investment.

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