India is anticipated to come under increased scrutiny following Trump’s return to the White House. He promised to impose reciprocal tariffs in October, by calling India the “biggest tariff charger.”
The US president-elect announced plans to put a 10 percent tariff on Chinese goods and a 25 percent charge on imports from Canada and Mexico. India may be excused from the first round of tariff hikes promised by Donald Trump.
India is expected to come under increased scrutiny following Trump’s return to the White House. Risking to impose reciprocal tariffs, he addresses India as the “biggest tariff charger” in October.
Trump proposed import taxes throughout his campaign that ranged from 10 to 20 percent. Along with a particularly high 60 percent tax on Chinese goods. India, a significant trading partner of the United States, may undergo changes that impact the trade balance. That is also favorable to India with a $35.3 billion surplus in FY24.
Trump said Tuesday that he would execute an executive order imposing a 25 percent tariff on all imports from Canada and Mexico. This will be applicable from January 20, his first day in office, till both nations solve illegal immigration over the border.
India might not be able to withstand Trump’s initial round of tariffs.
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