‘Full-scale tariff war with US will shave 0.3% off India's GDP next fiscal’
4 days, 17 hours ago

‘Full-scale tariff war with US will shave 0.3% off India's GDP next fiscal’

New Indian Express  

MUMBAI: The incoming US president Donald Trump’s tariff war warnings, if implemented at the threatened level, will shave 0.3 percent off our GDP next fiscal but will have no impact if the import duty hikes are partial, says a leading domestic brokerage. Trump has been criticising New Delhi’s tariff regime for long, pointing to 100 percent tariffs on certain American goods, but he had spared Indian goods when he first issued a warning to its key trading partners — Canada, Mexico and China whom he warned of a 25 percent flat hike in all imports and and additional 10 percent on Chinese items over the 40 percent now. Earlier he was referring to India as a “very big trade abuser.” “The word reciprocal is important because if somebody charges us, India, for example, 100 percent, do we charge them nothing for the same? The US remains India’s largest trade partner with bilateral trade reaching nearly $120 billion in FY24, slightly surpassing trade with China.

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History of this topic

US envoy's win-win 'lower tariffs' pitch for India amid Trump threat
3 days, 17 hours ago

US envoy's win-win 'lower tariffs' pitch for India amid Trump threat

India Today  

The US Ambassador to India, Eric Garcetti, called for lowering tariffs between India and the US to boost trade between the two nations to enhance trade and ensure a fairer, more balanced partnership between the two nations. His remarks came days after US President-elect Donald Trump vowed to impose reciprocal tariffs on India if the country continues to levy high …

Trump says India charges lot of tariff, threatens to impose reciprocal tax
Top News
5 days, 12 hours ago

Trump says India charges lot of tariff, threatens to impose reciprocal tax

Deccan Chronicle  

Washington: US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the high tariff imposed by India on the import of certain American products. Trump made these remarks on Tuesday and also said that India and Brazil were among countries that impose high tariffs on certain US products. Trump said India and Brazil were among …

Trump Threatens To Impose Reciprocal Tax On India, Says 'If They Tax Us, We Tax Them'
5 days, 15 hours ago

Trump Threatens To Impose Reciprocal Tax On India, Says 'If They Tax Us, We Tax Them'

ABP News  

US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “high tariff” imposed by New Delhi on import of certain American products. Trump said India and Brazil were among countries that impose high tariffs on certain US products. If they want to charge us, that's fine, but we're going to charge them the same …

If they tax us, we tax them: Trump's warning to India over tariffs on US goods
5 days, 15 hours ago

If they tax us, we tax them: Trump's warning to India over tariffs on US goods

India Today  

US President-elect Donald Trump has vowed to impose reciprocal tariffs on India if the country continues to levy high taxes on American goods. Speaking to reporters at his Mar-a-Lago resport on Monday, Trump criticised India's tariff practices, specifically highlighting the 100% tariffs on certain US products. Trump's remarks signal a more confrontational trade stance towards India, a country he singled …

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'
5 days, 17 hours ago

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'

India TV News  

US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “high tariff” imposed by New Delhi on import of certain American products. Trump said India and Brazil were among countries that impose high tariffs on certain US products. If they want to charge us, that's fine, but we're going to charge them the same …

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report
1 week, 6 days ago

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report

Live Mint  

New Delhi, December 10 : India has a significant opportunity to capitalize on export prospects resulting from expected trade disruptions by upcoming US President Donald Trump's tariff policies, says a report by Shriram Mutual Fund. The report outlined how Trump's proposed tariffs on top US import partners--China, Mexico, and Canada--could lead to trade diversion, benefiting countries like India. It said, …

India faces high exposure to US trade policy shift
2 weeks, 4 days ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark
2 weeks, 6 days ago

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark

ABP News  

The commerce ministry is reviewing aspects of India-US trade relations, focusing on the implications of statements made by US President-elect Donald Trump during his election campaign and after the results, an official said, according to a PTI report. Trade experts have argued that Trump’s characterisation of India as an "abuser" of tariffs is unfair, as many countries, including the US, …

India needs to be cautious on Trump threat of tariffs
2 weeks, 6 days ago

India needs to be cautious on Trump threat of tariffs

New Indian Express  

US president-elect Donald Trump’s latest beef about BRICS countries trying to create their own common currency to curb the dominance of the dollar is a typical Trumpian response to what looks like a non-issue. Trump has threatened the BRICS countries with 100 per cent duties on goods sold to the US by these countries if they go ahead with the …

How far Donald Trump’s BRICS tariff threat can become a reality
3 weeks ago

How far Donald Trump’s BRICS tariff threat can become a reality

Firstpost  

Too many overlapping tariffs are likely to harm American interests by raising domestic consumer prices. To put American interests first, President Trump might have to balance his initiatives in Trump 2.0 and distinguish sharply between friend and foe Trump wants reciprocity from perceived friends in Europe, the EU, and NATO, as well as strategic partners such as India and Taiwan …

Trump threatens 100% tariff on multiple countries, including India, if they...
3 weeks, 1 day ago

Trump threatens 100% tariff on multiple countries, including India, if they...

Firstpost  

“We require a commitment from these Countries that they will neither create a new…Currency, nor back any other Currency to replace the mighty U.S. Dollar,” Trump wrote on Truth Social US President-elect Donald Trump has threatened to slap India, and other BRICS countries, with 100% tariffs. In a post on his social media platform Truth Social on Saturday, he wrote, …

Will Donald Trump impose tariffs on India after Mexico, China and Canada?
3 weeks, 5 days ago

Will Donald Trump impose tariffs on India after Mexico, China and Canada?

Firstpost  

US President-elect Donald Trump has vowed to implement additional tariffs on China, Canada and Mexico on day one of his presidency. In the past, he has called India a ‘tariff king’ and a very ‘big abuser’ of tariffs So far, India has not been included in Donald Trump’s initial tariff plans. “This tariff will remain in effect until such time …

Opinion: Making America Gated Again - India should know Trump means tariffs
Trending News
3 weeks, 5 days ago

Opinion: Making America Gated Again - India should know Trump means tariffs

India Today  

If there’s one tool that Donald Trump loves to use against other countries, it’s tariffs. The president-elect telegraphed his intention to impose tariffs on any and every country throughout the election campaign, so no one should be surprised that Trump announced he would impose tariffs on imports from Canada, Mexico, and China on Day 1 unless they took steps to …

Trump’s policies may open new doors for India’s defence sector: Report
Trending News
4 weeks ago

Trump’s policies may open new doors for India’s defence sector: Report

Live Mint  

New Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially …

Trump’s tariff proposal opens opportunity for India: Virmani
4 weeks, 1 day ago

Trump’s tariff proposal opens opportunity for India: Virmani

Live Mint  

New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Relative …

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more
1 month ago

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more

Live Mint  

US Congressman-elect Suhas Subramanyam has expressed strong opposition to imposing tariffs on Indian imports, warning that such a move could trigger a trade war between the two countries. As Trump prepares to assume office, there is growing concern that his administration may impose higher tariffs on Indian exports, potentially straining trade relations between the two nations. Suhas Subramanyam, 38, has …

Trump's tariffs will worry India, but wait, there’s more
1 month ago

Trump's tariffs will worry India, but wait, there’s more

Live Mint  

The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. This resulted in a trade war with several countries, including China and India, which imposed retaliatory tariffs on US goods. Besides an increase in average tariffs on Indian imports, the number of tariff lines subject to tariffs of 25% or more rose from …

Textiles, auto components and telecom vulnerable to tariff war
1 month, 1 week ago

Textiles, auto components and telecom vulnerable to tariff war

Deccan Chronicle  

Chennai: US, being the largest market for India, probable tariff hikes under the Trump presidency can impact shipments of certain segments, including textiles, chemicals, metal products, and telecom products. Any adverse policy action around tariffs or taxes could affect India's competitiveness against countries like Bangladesh and Vietnam. Any rise in duties could impact the Indian export volumes substantially, which may …

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India
1 month, 1 week ago

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India

Live Mint  

Donald Trump has secured his return to the White House as the 47th President of the United States, following a highly-competitive election on November 5, 2024. Trump’s Policy Agenda 5 key points from Donald Trump’s election manifesto that may impact India: Tax Reforms: As per the report, Trump’s policy platform emphasises extending the 2017 Tax Cuts and Jobs Act, which …

India bets on Modi-Trump warmth to navigate choppy future with US
Trending News
1 month, 1 week ago

India bets on Modi-Trump warmth to navigate choppy future with US

Al Jazeera  

New Delhi, India — During his campaign for re-election, Donald Trump repeatedly threatened major tariffs on imports from a range of countries. Now, Trump’s “America First” agenda — which aims to offset domestic tax cuts by imposing higher tariffs on imports — could disrupt that relationship. “During the first term, Trump got into this whole ‘protectionist mode’, but upon his …

India poised to gain from Trump’s potential tariff hike on China, says report
1 month, 2 weeks ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

Trump's potential return sparks concerns over Indo-US trade ties, tariffs
Trending News
1 month, 2 weeks ago

Trump's potential return sparks concerns over Indo-US trade ties, tariffs

New Indian Express  

Donald Trump’s return as the 47th president of the US will likely put Indo-US trade ties under sharp focus. Trump has promised a fresh wave of tariffs under his ‘America first’ stance, which may adversely affect countries like India and its key sectors such IT, pharmaceuticals, textiles, chemicals and automotive parts. He even proposed import duty increases of 10-20 percent …

America First, round two: What Trump's trade agenda means for India and the world
1 month, 2 weeks ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

Opinion: Trump poses no major threat to Indian exports
1 month, 2 weeks ago

Opinion: Trump poses no major threat to Indian exports

Live Mint  

Donald Trump will be the next US President. It is known that the US is India’s second-largest trade partner with total trade in goods and services of about $200 billion, and here service exports play a major part. In September last year, US trade representative Katherine Tai announced that India and the US had agreed to resolve their last outstanding …

US elections 2024 outcome could reshape India trade ties
1 month, 2 weeks ago

US elections 2024 outcome could reshape India trade ties

Live Mint  

NEW DELHI : With Donald Trump, the Republican nominee and former US president, leading the US presidential race, India's trade ties with the country—one of the few with which India has a merchandise trade surplus—are likely set for a paradigm shift. While Donald Trump’s America First agenda may lead to higher tariffs on Indian goods, especially in key sectors like …

US announces steep tariffs on China-made EVs, solar cells: Biden's self-contradictions and USA's hypocrisy over trade and self-interest
7 months, 1 week ago

US announces steep tariffs on China-made EVs, solar cells: Biden's self-contradictions and USA's hypocrisy over trade and self-interest

Op India  

On the 14th of May, the Biden administration in the United States imposed new tariffs on Chinese imports as its fresh move in the ongoing trade war. President Biden said that he is “announcing new tariffs in key sectors of the economy that are going to ensure that our workers are not held back by unfair trade practices.” In an …

'Tariff king': Why Trump vows to impose a reciprocal tax on India if voted to power
1 year, 4 months ago

'Tariff king': Why Trump vows to impose a reciprocal tax on India if voted to power

Firstpost  

Former US president Donald Trump, who is seeking to be re-elected, has once again raised the issue of high tax by India on certain American products, in particular the iconic Harley-Davidson motorcycles. He said he would slap a reciprocal tax if voted to power in the 2024 presidential elections As he campaigns to be re-elected as US president, Donald Trump …

‘Reciprocal tax for India if…’: Donald Trump’s big warning
1 year, 4 months ago

‘Reciprocal tax for India if…’: Donald Trump’s big warning

Live Mint  

Former US President Donald Trump has once again raised the India tax issue on certain American products in particular the iconic Harley-Davidson motorcycles. During his first term in the United States, Donald Trump described India as a ‘tariff king’ and in May 2019, terminated India's preferential market access alleging that the country has not given the US equitable and reasonable …

Donald Trump threatens India with reciprocal tax if re-elected in 2024
1 year, 4 months ago

Donald Trump threatens India with reciprocal tax if re-elected in 2024

The Hindu  

Former U.S. president Donald Trump, who is seeking a second term, has once again raised the issue of high tax by India on certain American products in particular the iconic Harley-Davidson motorcycles, and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections. During his first term as the U.S. president, Mr. Trump described …

India, U.S. discuss ways to increase trade
3 years, 4 months ago

India, U.S. discuss ways to increase trade

The Hindu  

A day after Commerce and Industry Minister Piyush Goyal said that hopes of an India-U.S. trade pact are off the table for now, U.S. Chargé D’affaires in India Atul Keshap, spoke to the Indian Minister for over two hours, discussing trade between the two countries. Meanwhile, Mr. Goyal, while speaking at an industry event in Mumbai on Thursday, had said …

Digital tax tussles: The Hindu Editorial on preventing a tariff war
3 years, 6 months ago

Digital tax tussles: The Hindu Editorial on preventing a tariff war

The Hindu  

The United States announced and then immediately suspended a whopping 25% tariff rate on over $2 billion of imports from six countries including India, signalling Washington’s intent to act punitively on its long-held grouse with these nations for their digital services taxes primarily impacting Silicon Valley tech giants. With the threat of tariffs hanging over these six economies when most …

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report
3 years, 11 months ago

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report

News 18  

Under the Trump administration, US-India tensions have increased over each side's tariff policies, a Congressional report has said, noting that the two sides have also held concerted negotiations to address these trade frictions. After India lost its eligibility for the US Trade Preference Program, India imposed higher tariffs of 10 per cent to 25 per cent, affecting about USD 1.32 …

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