Explained: How India can shield itself from Donald Trump's tariff storm
5 days, 1 hour ago

Explained: How India can shield itself from Donald Trump's tariff storm

India Today  

A second term for Donald Trump as US President was always expected to shake up the global order, but few anticipated the trade war drums would start beating this soon. "Given that President Donald Trump has been using higher reciprocal policy as an instrument of state policy, shielding India from incessant trade wars in this increasingly VUCA world is uneasy," said Dr. Manoranjan Sharma, Chief Economist at Infomerics Valuation and Ratings Ltd. India’s economy is deeply tied to the US, making an aggressive response risky. "Imposition of an equal and matching tariff by India on American goods may seem to be theoretically feasible in this multi-polar world but this is practically difficult, if not impossible," Dr. Sharma explained. "Bolstering domestic manufacturing under Atmanirbhar Bharat and securing trade agreements with Europe, ASEAN, and Gulf nations could help India reduce its reliance on American markets," says Ajit Mishra of Religare Broking. "Since the US is India's largest trading partner and the largest export destination, it is unrealistic to expect this FTA to offset the impact of stiffer tariff by the US," Dr. Sharma said.

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History of this topic

I believe India will cut tariffs substantially on U.S. goods, says Trump
Trending News
2 days, 7 hours ago

I believe India will cut tariffs substantially on U.S. goods, says Trump

The Hindu  

U.S. President Donald Trump has said that he believes India will lower its tariffs on American goods, even as he reiterated his threat to impose reciprocal tariffs on the country starting April 2. Asked about his summit with Prime Minister Narendra Modi last month, Mr. Trump said he has a “very good relationship” with India. probably going to be lowering …

Tariff-proofing India’s exports
2 days, 18 hours ago

Tariff-proofing India’s exports

Hindustan Times  

The tariff turmoil from the United States is emerging as the biggest ‘known unknown’ for the global economy in 2025. Indian economy For some time now, the relative stability of the World Trade Organization -refereed trade regime has cultivated a wide-spread complacency with global trade ballooning nearly five times since the creation of WTO. The long entrenchment in stable global …

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’
2 days, 19 hours ago

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’

Hindustan Times  

US President Donald Trump, in an interview with Breitbart News on Wednesday, said he believes India would reduce tariffs on American goods, news agency Reuters reported. During Prime Minister Narendra Modi's visit to Washington last month, India and the U.S. pledged to more than double their bilateral trade to USD 500 billion by 2030. India, US commit to doubling two-way …

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research
Trending News
5 days, 10 hours ago

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research

Live Mint  

New Delhi: India’s exports to the US could decline by 3-3.5% if Washington implements reciprocal tariffs next month, but this may be offset by ambitious targets in manufacturing and services, along with efforts to diversify exports, SBI Research said in a report on Monday. New Delhi also must boost value addition, tap new markets, and establish alternative trade routes from …

Trump’s tariff threat’s impact on India’s agriculture trade
Trending News
5 days, 12 hours ago

Trump’s tariff threat’s impact on India’s agriculture trade

Hindustan Times  

The recent proposal by United States President Donald Trump to impose reciprocal tariffs is aimed at addressing the increasing US trade deficit and aligns with the broader America First policy. India imposes significantly higher tariffs than the US, particularly in agriculture where it imposes a simple average tariff of 39% and a trade-weighted tariff of 65%, compared to the US’s …

India to gain in an uncertain world of tariffs, says SBI report
5 days, 15 hours ago

India to gain in an uncertain world of tariffs, says SBI report

The Hindu  

As tariff action by U.S. President Donald Trump looms large, the State Bank of India in a special report said that India however would stand to gain in an increasingly uncertain world of tariffs. Long trends indicate a possible downturn in U.S. economy GDP growth along with a slowdown in U.S. exports and consumption,” SBI said in the report. “We …

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know
6 days, 1 hour ago

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know

India Today  

The US is set to impose reciprocal tariffs from April 2, which means some Indian exports are set to face higher import duties. According to the report, US tariffs mayonly lead to a 3-3.5% decline in exports, and India’s growing exports in manufacturing and services will negate the impact of reciprocal tariffs. SBI Research pointed out that India has diversified …

Trade, tariff, traffic & Trump | Choppy trade waters
6 days, 15 hours ago

Trade, tariff, traffic & Trump | Choppy trade waters

India Today  

With the sword of reciprocal tariffs hanging over its head, India lost no time in trying to seal a trade deal with the United States that aims to increase bilateral trade from $200 billion at present to $500 billion by the turn of the decade. But neither that deal nor India’s decision to lower tariffs on some US imports like …

How Trump’s tariffs can be opportunity in crisis for India
Trending News
1 week ago

How Trump’s tariffs can be opportunity in crisis for India

Firstpost  

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. India’s Historical Inward Focus India has a robust domestic market, which accounts for approximately 60 per cent of its GDP. The result was a 10-18 per cent cost disability in assembly and manufacturing compared to Southeast Asian rivals, leaving India’s …

S. Umamaheshwar | Aspirational India should be ‘Apurva Bharat’ for global dominance
1 week, 1 day ago

S. Umamaheshwar | Aspirational India should be ‘Apurva Bharat’ for global dominance

Deccan Chronicle  

On January 20, a Chinese technology start-up released the country’s first generative AI-powered chatbot, DeepSeek, which took the world by storm. An increasingly inward-focused US presents India with a difficult dilemma: Should it raise trade barriers to support domestic industries, or should it further open its economy to enhance the global competitiveness of Indian companies? Throughout recorded history, until it …

What are the implications of Trump’s threat to ‘mirror’ India’s tariffs? | In Focus podcast
1 week, 1 day ago

What are the implications of Trump’s threat to ‘mirror’ India’s tariffs? | In Focus podcast

The Hindu  

The United States is India’s biggest trading partner. In 2023, the U.S.-India bilateral trade in goods and services stood at $190.08 billion -- $123.89 billion in goods and $66.19 billion in services trade. American exports into India also face a higher rate of tariffs than India’s exports to the US. Now President Donald Trump has said that the US will …

Trump’s tariff war: Who’s fighting back, who’s not? What about India?
1 week, 2 days ago

Trump’s tariff war: Who’s fighting back, who’s not? What about India?

Firstpost  

US President Donald Trump has imposed sweeping tariffs, including a 25 per cent levy on steel and aluminium imports and a 25 per cent tariff on goods from Mexico and Canada, with limited exemptions. Trump’s tariffs on Canada and Mexico On March 4, the Trump administration imposed a 25 per cent import tariff on goods from Canada and Mexico, with …

India, US working on removing trade barriers: MoS
Trending News
1 week, 4 days ago

India, US working on removing trade barriers: MoS

Hindustan Times  

India and the US will focus on increasing market access for each other, reducing tariff and non-tariff barriers, and enhancing supply chain integration, minister of state for commerce Jitin Prasada told the Lok Sabha on Tuesday after an Indian ministerial delegation concluded the week-long America visit, as the two sides work on a Bilateral Trade Agreement which they hope to …

Negotiations Still On, No Agreement On Trade Tariffs: Govt On Donald Trump's Tariff Cut Claim
1 week, 4 days ago

Negotiations Still On, No Agreement On Trade Tariffs: Govt On Donald Trump's Tariff Cut Claim

ABP News  

The centre has said that India has made no commitments on trade tariffs and negotiations are still on between India and the US. The response from the Commerce Secretary Sunil Barthwal comes as US President Donald Trump recently claimed that India has agreed to reduce its tariffs way down. Barthwal while briefing the Parliamentary Committee on External Affairs on Monday …

On US reciprocal tariffs on India, Centre's updates in Parliament
1 week, 4 days ago

On US reciprocal tariffs on India, Centre's updates in Parliament

Hindustan Times  

The Centre on Tuesday informed Parliament that as of date, the United States has not imposed reciprocal tariffs on India. The clarification comes days after US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as “very unfair” and announced reciprocal tariffs from April 2 on nations that impose levies on American goods. In …

India & US negotiating mutually beneficial trade agreement, govt tells parliament
1 week, 4 days ago

India & US negotiating mutually beneficial trade agreement, govt tells parliament

Firstpost  

As US President Donald Trump is pursuing a tariff war, India and the United States are negotiating a mutually beneficial trade agreement, according to the Narendra Modi government Prime Minister Narendra Modi and US President Donald Trump at the White House. In a written response to a question, Union Minister of State for Commerce and Industry Jitin Prasada told the …

India-US Trade Deal Expected To Finalise By Fall 2025, Says Morgan Stanley
1 week, 4 days ago

India-US Trade Deal Expected To Finalise By Fall 2025, Says Morgan Stanley

ABP News  

A trade deal between India and the US would likely take some time but will materialise by the fall 2025, according to a Morgan Stanley report released on Tuesday. According to the report, while India can eventually reach a trade deal with the US, it would be relatively more challenging given the multiple bilateral trade issues. The report underscored that …

India, US to increase market access, reduce tariff, non-tariff barriers: Centre tells Parliament
1 week, 5 days ago

India, US to increase market access, reduce tariff, non-tariff barriers: Centre tells Parliament

New Indian Express  

NEW DELHI: India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as of date, …

New Delhi counters Trump's 'India cutting tariffs way down' claim, says 'no commitments'
1 week, 5 days ago

New Delhi counters Trump's 'India cutting tariffs way down' claim, says 'no commitments'

New Indian Express  

NEW DELHI: India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down." He has also blamed all trading partners of "unfair" practices, and has announced reciprocal tariffs on many countries, including India, to begin from next month on April 2. …

Indian IT firms need to invest in more US-based services to avoid tariffs: industry experts
1 week, 5 days ago

Indian IT firms need to invest in more US-based services to avoid tariffs: industry experts

New Indian Express  

BENGALURU: With concerns growing about the effects of US President Donald Trump's proposed tariffs, experts say the IT services industry is not an exception as the US is always a major destination, and that they need to invest in more US-based services in order to avoid tariffs. According to them, significant tariffs placed on services could significantly disrupt the IT …

India, US to focus on increasing market access, reducing tariff, non-tariff barriers: Centre tells Parliament
Trending News
1 week, 5 days ago

India, US to focus on increasing market access, reducing tariff, non-tariff barriers: Centre tells Parliament

New Indian Express  

NEW DELHI: India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as of date, …

Donald Trump’s tariffs threats could be good for India, says ex-RBI deputy
Trending News
1 week, 5 days ago

Donald Trump’s tariffs threats could be good for India, says ex-RBI deputy

Live Mint  

Viral Acharya, former deputy governor of Reserve Bank of India said that US President Donald Trump's threats to hike tariffs could strengthen India's economy. How India benefits Acharya said large Indian firms that had benefitted from the protectionist measures will initially lose some value, but the economy will benefit overall. Competition from foreign firms Opening the economy to foreign firms …

Tariffs should be tapered off after building globally competitive domestic businesses: Niti Aayog member
Trending News
1 week, 6 days ago

Tariffs should be tapered off after building globally competitive domestic businesses: Niti Aayog member

Live Mint  

New Delhi: Tariffs aimed at protecting domestic industries from foreign competition have to be gradually tapered off as these industries learn to stand on their feet, Niti Aayog member Arvind Virmani said. According to the former chief economic advisor in the finance ministry, tariffs are effective only if they help in building globally competitive domestic businesses. In India, the thinking …

How India should respond to Trump’s tariff threats
Trending News
1 week, 6 days ago

How India should respond to Trump’s tariff threats

Firstpost  

History shows that merely accommodating US demands, that too especially under the Trump administration, without clear reciprocity is often misinterpreted as weakness; India’s response should neither be reactionary nor submissive US President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, DC, US, on February 13, …

IP violations by India now on Trump’s Trade Policy Agenda
2 weeks ago

IP violations by India now on Trump’s Trade Policy Agenda

Hindustan Times  

India is unable to provide adequate intellectual property protection, mainly on pharmaceutical products, medical devices, digital services, and information and communications technology, the Trump administration has said in a new report, clubbing it with countries like China and Russia for IP violations and proposing an “out-of-cycle review” before taking remedial actions. Acting on the January 20th presidential memorandum, United States …

India’s US tariff cut down not an ‘extraordinary step’, similar deals done with THESE countries
2 weeks ago

India’s US tariff cut down not an ‘extraordinary step’, similar deals done with THESE countries

Live Mint  

India agreeing to cut its tariffs is not an “extraordinary step", a government source told News 18 on Saturday. 'India agreed to cut tariffs way down' US President Donald Trump said in Saturday that India has agreed to cut its tariffs “way down” as he reiterated his claim that the country charges America massive tariffs that make it difficult to …

India, US trade talks focus on tariffs, market access, and sensitive sectors
Trending News
2 weeks ago

India, US trade talks focus on tariffs, market access, and sensitive sectors

New Indian Express  

NEW DELHI: As India and the US begin trade talks, New Delhi has conveyed that it has been reducing applied tariffs in agreements with developed countries, while emphasising a “mutually beneficial” approach and “sensitive handling of sectors like agriculture”, a key focus of the Trump administration in seeking greater market access. Reducing “average applied tariff significantly” has been a key …

India's tariff cuts align with past trade pacts, not Trump pressure: Sources
2 weeks ago

India's tariff cuts align with past trade pacts, not Trump pressure: Sources

India Today  

With less than a month to go for US President Donald Trump's April 2 deadline to impose reciprocal tariffs on India, highly-placed sources have defended New Delhi's move to significantly reduce tariffs as part of the country's broader efforts to advance trade ties with developed nations via bilateral agreements. The US is India's largest trading partner, with bilateral trade reaching …

India Should Halt US Trade Negotiations And Treat Them Like Other Countries: GTRI
2 weeks ago

India Should Halt US Trade Negotiations And Treat Them Like Other Countries: GTRI

ABP News  

India should halt all negotiations with the US and adopt a strategy similar to that of countries like China and Canada in engaging with the Trump administration, the Global Trade Research Initiative stated on Saturday. The report recommended that India explore a macro-level reciprocal tariff arrangement covering more than 90 per cent of industrial goods through a "Zero-for-Zero" approach, where …

Trump says India has been ‘exposed for what they have done’ as he attacks India’s tariffs again
Top News
2 weeks ago

Trump says India has been ‘exposed for what they have done’ as he attacks India’s tariffs again

The Hindu  

U.S. President Donald Trump on Thursday attacked India’s tariffs regime, saying it is next to impossible to sell anything to India because of the “high tariffs.” Speaking to reporters, Mr. Trump focused on the tariffs his administration will be putting in effect soon. However, Mr. Trump also revealed that India has agreed to slash its tariffs significantly, allegedly because “somebody …

US President Donald Trump claims India has agreed to cut tariffs ‘way down’
Top News
2 weeks, 1 day ago

US President Donald Trump claims India has agreed to cut tariffs ‘way down’

Live Mint  

US President Donald Trump claimed on Friday that India has agreed to significantly cut down tariffs on American imports. This announcement follows Trump’s earlier declaration that reciprocal tariffs would be imposed on India starting April 2, in response to what he described as “unfair” trade policies towards the United States. Ongoing trade talks with India Trump's comments come at a …

‘Somebody is finally exposing them:’ Trump says India agreed to cut tariffs ‘way down’
2 weeks, 1 day ago

‘Somebody is finally exposing them:’ Trump says India agreed to cut tariffs ‘way down’

Firstpost  

Notably, India’s Commerce Minister Piyush Goyal is visiting Washington these days to resolve trade issues and hold negotiations with his American counterpart Howard Lutnick US President Donald Trump said Friday India that had agreed to lower tariffs because “somebody is finally exposing them”. You can't even sell anything in India.They have agreed, by the way; they want to cut their …

US President Trump Says India Has Agreed To Cut Tariffs: 'Exposed Them For What They Have Done'
Top News
2 weeks, 1 day ago

US President Trump Says India Has Agreed To Cut Tariffs: 'Exposed Them For What They Have Done'

ABP News  

US President Donald Trump said on Friday that India has agreed to cut their tariffs "way down" after he earlier said that the country was a "very high tariff nation." India-US Trade Agreement Trump's remark came hours after a spokesperson for the Ministry of External Affairs, Randhir Jaiswal said the proposed India-US trade agreement seeks to lower tariff, and non-tariff …

Trump claims India has agreed to cut tariffs: ‘Somebody is finally exposing them’
2 weeks, 1 day ago

Trump claims India has agreed to cut tariffs: ‘Somebody is finally exposing them’

Hindustan Times  

US President Donald Trump on Friday said that India has agreed to cut tariffs significantly because he is finally exposing New Delhi for imposing ‘massive tariffs’ on American imports. MEA says US deal can ‘boost trade’ The ministry of external affairs spokesperson Randhir Jaiswal said on Saturday that the planned Bilateral Trade Agreement with the US can potentially boost bilateral …

Trump’s tariff war | Is India prepared to deal with it?
2 weeks, 1 day ago

Trump’s tariff war | Is India prepared to deal with it?

The Hindu  

Trump’s tariff war | Is India prepared to deal with it? There is the USTR’s Indi brief too US Trade Representative India brief – for the US administration’s perspective 2. Trade War Containers Don’t Lie: Navigating the Bluster Lori Ann Larocco There are a few useful papers: 6. Trump’s Trade Policies Peril Global Economic Stability Script & Presentation: Suhasini Haidar …

India seeks to deepen trade ties with US by reducing tariff barriers via bilateral trade deal
2 weeks, 1 day ago

India seeks to deepen trade ties with US by reducing tariff barriers via bilateral trade deal

Live Mint  

India seeks to deepen trade ties with the US by reducing tariff and non-tariff barriers through a bilateral trade deal. In line with his "America First" policy, Trump announced reciprocal tariffs on numerous trading partners and nations that impose higher levies on imports from the US starting April 2. India-US Trade Deal External Affairs Ministry spokesperson Randhir Jaiswal said that …

In charts: What reciprocal tariff threat could mean for Indian goods
Top News
2 weeks, 1 day ago

In charts: What reciprocal tariff threat could mean for Indian goods

Live Mint  

US President Donald Trump has been relentless in his pursuit of a tariff overhaul ever since assuming office in January. India, along with other emerging Asian economies like Thailand and China, has much higher tariff rates on the US, making them more vulnerable to reciprocal tariffs. If the US imposes reciprocal tariffs, India’s exports to the country could drop by …

Trump’s ‘hammer diplomacy’ can hurt US, but has a silver lining for India
2 weeks, 1 day ago

Trump’s ‘hammer diplomacy’ can hurt US, but has a silver lining for India

Firstpost  

China’s weakening hold on the global economy and Russia’s newfound peace would be a welcome development for India. More importantly, the India-US partnership continues to flourish across multiple sectors, having achieved a comfortable level of cooperation President Donald Trump’s Congressional address was as expected, tickboxing a great many issues, even while cherry picking facts and throwing figures around that were …

How India is buckling up for US tariff as Donald Trump calls it ‘very high tariff nation’
Trending News
2 weeks, 1 day ago

How India is buckling up for US tariff as Donald Trump calls it ‘very high tariff nation’

Live Mint  

US President Donald Trump said in his address to Congress on Tuesday that he will impose reciprocal tariffs on countries that impose levies on American goods on April 2. Trump reiterated his decision to impose reciprocal tariffs on Thursday, saying, “And the big one will be on April 2, when reciprocal tariffs, so if India or China, or any of …

India is very high tariff nation: U.S. President Donald Trump
2 weeks, 1 day ago

India is very high tariff nation: U.S. President Donald Trump

The Hindu  

India is a very high tariff nation, U.S. President Donald Trump has said as he reiterated that reciprocal tariffs on countries that impose levies on American goods will kick in on April 2. “And the big one will be on April 2, when reciprocal tariffs, so if India or China, or any of the countries that really…India is a very …

India is very high tariff nation: US President Donald Trump
Top News
2 weeks, 1 day ago

India is very high tariff nation: US President Donald Trump

Deccan Chronicle  

India is a very high tariff nation, US President Donald Trump has said as he reiterated that reciprocal tariffs on countries that impose levies on American goods will kick in on April 2. And that'll be something very big," Trump said.This is the second time in as many days that Trump has remarked about India's tariffs.In his address to the …

India working to protect its exports amid US tariffs threat: Nirmala Sitharaman
2 weeks, 1 day ago

India working to protect its exports amid US tariffs threat: Nirmala Sitharaman

Hindustan Times  

Finance Minister Nirmala Sitharaman said that the tariffs being planned by US will have an impact on India, but Piyush Goyal is currently holding discussions with the Trump administration on the matter, reports news agency ANI. Nirmala Sitharaman said India is currently engaged in trade negotiations with the US. The Commerce Minister has already gone to the US engage with …

Race against time: What's India doing to deal with US reciprocal tariffs?
2 weeks, 2 days ago

Race against time: What's India doing to deal with US reciprocal tariffs?

India Today  

With less than a month left before the United States imposes reciprocal tariffs on India, policymakers and businesses are working on ways to avert the impact. “Amid this frictional environment, India has adopted a notably conciliatory approach, refraining from retaliation and distinguishing itself from other nations through proactive trade measures and diplomatic engagement with the United States,” said Yes Securities. …

India looking to strengthen trade ties with US through bilateral pact
2 weeks, 2 days ago

India looking to strengthen trade ties with US through bilateral pact

New Indian Express  

NEW DELHI: Days after President Donald Trump announced reciprocal tariffs on its trading partners, India on Friday said it is looking at deepening trade ties with the US including by reducing tariff and non-tariff barriers through a bilateral trade deal. In line with his "America First" policy, Trump this week announced reciprocal tariffs from April 2 on numerous trading partners …

Jairam Ramesh jabs PM over Trump threat: Only interested in 'tareef' not tariffs
2 weeks, 2 days ago

Jairam Ramesh jabs PM over Trump threat: Only interested in 'tareef' not tariffs

India Today  

Prime Minister Narendra Modi is only interested in 'tareef' and not concerned with tariffs, Congress general secretary Jairam Ramesh said on Friday and wondered where is the PM's "56-inch chest" is in dealing with US threats on the reciprocal tariff issue. He said Trump is redoing the entire rules of international trade and asserted that the US President's whole idea …

How can India, US seal trade deal fast? Trump's key man Lutnick has a plan
2 weeks, 2 days ago

How can India, US seal trade deal fast? Trump's key man Lutnick has a plan

India Today  

US President Donald Trump has set a firm deadline for reciprocal tariff for India, and it is April 2. Lutnick's interaction, his first with Indian media after taking over as the US Commerce Secretary, comes even as India's Commerce Minister Piyush Goyal is in the US for discussions on the trade deal. "I would like to point out that India …

India wants to cut tariffs way down now because somebody is exposing them: Trump
2 weeks, 2 days ago

India wants to cut tariffs way down now because somebody is exposing them: Trump

New Indian Express  

US President Donald Trump on Friday claimed that India has agreed to reduce tariffs on American imports, days after his administration announced reciprocal tariffs on Indian goods from April 2, citing "unfair trade policies." They have agreed, by the way; they want to cut their tariffs way down now because somebody is finally exposing them for what they have done," …

Prepare to hit the US with tariffs where it hurts, says expert body advising the government
2 weeks, 2 days ago

Prepare to hit the US with tariffs where it hurts, says expert body advising the government

Live Mint  

New Delhi: A group of trade experts advising the government on its trade negotiations with the Donald Trump administration has recommended that India prepare to levy tit-for-tat tariffs on American goods that enjoy significant market access in India and that contribute to a sizeable US trade surplus in these product categories. In addition, mineral fuels, slag, and ash from the …

‘Asia in the line of fire’! India, Thailand face higher US reciprocal tariffs risk, says Nomura
2 weeks, 2 days ago

‘Asia in the line of fire’! India, Thailand face higher US reciprocal tariffs risk, says Nomura

Live Mint  

India and Thailand may face increased reciprocal tariffs from the United States due to their higher relative tariff rates and non-tariff barriers, according to a recent analysis by Nomura. Rising Tariff Concerns Nomura's assessment suggests that the inclusion of non-tariff barriers—such as import policies, technical trade restrictions, and sanitary measures—raises the probability of reciprocal tariffs across multiple Asian nations. “Emerging …

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