Elon musk peter navarro feud: US President Donald Trump’s reciperoot tariff policy not only caused a stir worldwide, but his own team has also started controversy. There has been a strong debate between Trump’s two big colleague Tesla’s CEO Allen Musk and economist Peter Naroo on this issue.

Musk publicly called Narwaro ‘fool’, which further increased the dispute. When the dispute was questioned by the White House spokesperson, he said that it is a personal debate between two men and it should not be given too much.

Caroline Lavit said this

When the White House spokesperson Caroline Lavit was questioned on the debate between Allen Musk and Peter Naro on the Trump government’s tariff policy, he called it a personal differences. He said lightly, “These are two people who have different opinions on trade and tariffs. Boys are boys, let them do what to do.”

Caroline Lavit also said that people should be thankful to the fact that our government is the most transparent government ever. At the weekly press conference, Lavit said, “President Trump works with full transparency. He listens to everyone’s opinion. People have a different opinion on every issue in his government, and the President takes the best decision in the interest of the country after listening to everyone.”

Why clash Musk and Navaro?

There has been a tremendous debate between Allen Musk and Trump’s trade advisor Peter Naro on America’s tariff policy. Actually, Navaro has played a big role in preparing tariffs, while Musk is against this policy. In an interview, Navaro had defended the tariff and said that the decline in the market will be improved soon. He claimed that during Trump’s tenure, America’s leading stock index Dow Jones could reach 50,000 figures.

His interview became very viral on social media. After this, Alan Musk taunted Navaro and said that having a PhD in Economics from Harvard is not a good thing, but it is bad. This is not the first time Musk and Naro have come face to face. Earlier too, Musk had spoken about trade between the US and Europe without any import duty.

Musk had said, “I hope America and Europe will move forward and promote free trade.” But Trump has imposed a 20% tariff on the European Union, which is angry Musk. The thinking of both on this issue is completely different and now this debate has come out in public.

India will monitor the situation created by the US imposing additional import duty on global trade and will not take any steps in haste. The reason for this is that America may have to face problems with its own domestic industry. News agency PTI has said this quoting government sources. US President Donald Trump on April 2 announced a counter -duty of 11 to 49 percent on about 60 countries including India and China. This will be applicable from April 9.

The official said that there are both challenges and opportunities for India, as many of its competitive countries such as China, Vietnam, Bangladesh, Cambodia and Thailand are facing high fees. The source said, “As a country we need to monitor the situation and there is no need to hurry. It is something new. It is unprecedented. The American industries will also be angry with this move and there will be challenges. We need to wait, inspect and watch because we should not hurry to draw this conclusion.

The purpose of increasing import duty from the US is to reduce business deficit and promote manufacturing. Regarding the 26 percent fee on India, he said that only six-seven areas such as shrimp and carpets may face a challenge with heavy taxes, but most other areas such as pharma and electronics will get an opportunity to increase exports, as competitive countries will have to face more fees than in India.

According to rough estimates, about 25 percent of India’s exports are exempted from tax and there is a ‘mixed scenario’ for the remaining. He also said that fees will be imposed on value-sensitive goods like gold jewelery and carpet. The US was India’s largest trading partner from FY 2021-22 to 2023-24. America accounts for about 18 percent share in India’s total goods exports, 6.22 percent in imports and 10.73 percent in bilateral trade.

India’s trade surplus (difference between import and export) on goods in 2023-24 with the US was $ 35.32 billion. It was $ 27.7 billion in 2022-23, $ 32.85 billion in 2021-22, $ 22.73 billion in 2020-21 and $ 17.26 billion in 2019-20. Last year, India’s main exports include drug manufacturing and organic products ($ 8.1 billion), telecommunications equipment ($ 6.5 billion), precious and semi-precious stones ($ 5.3 billion), petroleum products ($ 4.1 billion), gold and other precious metal jewelery ($ 3.2 billion), cotton prepared clothes ($ 2.8 billion), and cotton prepared textiles ($ 2.8 billion), and the products (2.7 billion dollars).

Import included crude oil ($ 4.5 billion), petroleum products ($ 3.6 billion), coal, coke ($ 3.4 billion), carved and polished diamonds ($ 2.6 billion), electric machinery ($ 1.4 billion), aircraft, spacecraft and its Kalpurje ($ 1.3 billion) and gold ($ 1.3 billion). According to the experts, there will be 54 percent duty in India, so India will face 54 percent of the goods according to the experts. There is a possibility of dumping.

The Ministry of Commerce is carefully investigating the implications of the announcements made by the US. He is consulting him to receive his response from stakeholders and is in touch with the concerned ministries to assess the impact. When asked about the impact of these fees on India’s agricultural exports to the US, the source said that Indians will consume these items regardless of migrant prices in the US. In terms of rice exports, while the current US fee is nine percent, India is leading in Vietnam and Thailand despite an increase of 27 percent.

In 2024, India’s fish, meat and processed sea food exports stood at $ 2.58 billion. Export of processed food, sugar and cocoa stood at $ 1.03 billion. Similarly, the export of grains, vegetables, fruits and spices of the country was $ 1.91 billion last year. Last year, dairy products worth $ 18.15 million were sent to America, while the export of edible oils was $ 19.97 million. The total export of liquor, wine and spirit was $ 1.92 million.

Also read: The alarm bell rang for pharma stocks bouncing? Trump threatens the biggest tariff ever

After the announcement of the reciperochl tariff, where there was a huge decline in other stocks around the world including the IT sector, the shares of pharmaceutics were seen to be a shift. But now this happiness is not going to stay for long. Such a boom showed because the Trump administration had kept pharma separate from the tariff. But after the bounce in the shares of the pharma sector, now the question is arising whether the Trump administration is considering putting tariffs on it?

This is indicated by President Donald Trump himself. President Trump replied to the reporters in the Air Force One, saying that the pharma will start soon and I think it would not have been thought that would not have been thought.

After this indication, the stock of pharmaceutics crashed in the morning at around 11.15 am. The Nifty Pharma Index has suffered the most. Its index fell nearly four and a half percent, while Arbindo Pharma, Lupine and IPCA Labs shares slipped about six percent.

Trump said that we are seeing pharma as a separate category and will announce it in future. Earlier, Caroline Levit, who has been serving a white house secretary since 20 January 2025 in Trump administration, also indicated that the pharmaceuticals were being considered.

He further said that we are getting our important supply chain outsourced from outside. Would we like our life -saving medicines in China or in America? This is a common sense policy.

It is worth noting that on behalf of Donald Trump, on April 2, the US business partner countries announced a tariff. He has announced to impose 26 percent discounted tariffs over India. India, currently about 52 percent tariffs on America.

Trump’s move is being criticized worldwide. In response, many countries including many Canada, China have announced to impose reply on America. On the other hand, experts are expecting the frightening result ahead of it. They believe that in the coming days, not only the trade war will sprinkle, but there is a danger of recession.

Also read: Which formula is the formula that the Trump administration has imposed 27% tariff on India and 34% tariff on China

Trump reciprocal tariff: Apple’s stock has declined by more than 7 % after US President Donald Trump’s announcement of reciperook tariffs in many countries of the world. It also includes the production unit of the company in China, India and Vietnam. The iPhone maker Apple no longer faced difficulties on the roads of business, but now after the order of Trump’s tariff, the way ahead can be difficult for the company.

Apple grows rapidly in India

The company has shifted 10-15 percent of its iPhone production in India. With this, India has now become a base of export of its product. Trump has imposed 27 percent counter -tariff on India on Wednesday. The company provides iPhone assembled Foxconn and Tata Electronics to the company in India. Not only this, due to the production linked incentive of the central government, Apple has made a new record of production in India. Along with this, the export of iPhone made in India has also reached a record level.

Apple business also in China and Vietnam

It is believed that the company has also increased its supplier base to 64 in India as compared to 14 suppliers, which indicates the growing scope of the company towards assembling in India. Trump has imposed 34 percent tariff on import of goods from China, 20 percent of the earlier tariffs have been added to it. That is, overall America has imposed 54 percent tariffs on China. Whereas in China itself, Apple’s biggest manufacturing unit is. In Vietnam, the US has put 46 percent tariffs. Here are some airpods, iPads, Apple Watch and Mac of the company.

Also read:

What is the reciperook tariff, which President Trump put on more than 180 countries including India

Trump reciprocal tariff: US President Donald Trump has announced the imposition of reciperook tariffs on many countries of the world including India. He has imposed 27 percent on things imported from India to US, 34 percent on imports from China, 20 percent on imports from European Union, 25 percent on imports from South Korea, 24 percent on import goods from Japan, 32 percent tariff on imports from Taiwan.

These sectors saved from tariff

Trump’s tariff is going to affect many major sectors in India, including many sectors like automobile, jewelery, textile, electronics. Now the question comes that which are the sectors of India who have survived the tariff of Trump. Let’s take a look at them.

According to Think Tank GTRI, India’s 27 percent of the US counter -duty on India includes pharmaceuticals, semiconductor, copper and many energy products like oil, gas, coal and LNG. Trump says that India imposes 52 percent tariffs on us, while we will impose half a 27 percent tariff on them. Trump has kept the way of dialogue between the two countries by calling it a concessional tariff.

India gets new opportunities

On this, Global Trade Research Initiative (GTRI) says that India can strengthen its position in the sectors of the country who were excluded from 27 percent of the counter duty. However, to take advantage of Trump’s concessional tariff system, India will have to increase business easily, invest in logistics and infrastructure, keep the policy stable.

GTRI founder Ajay Srivastava said, “If these conditions are fulfilled, India will emerge as a global manufacturing and export hub in the coming years.” GTRI said that America has imposed high recipes on many Asian countries like China, Vietnam, Taiwan, Thailand and Bangladesh. This has given India a chance to strengthen its position in global trade and manufacturing.

Also read:

From medicine to steel and jewelery …, how is the impact of 26% discounted recipes of America on India?