Jin10 data reported on August 6 that Trump announced a 25% tariff on Indian goods, raising the total tax rate to 50%. Trade analysts warn that the tariffs may severely disrupt Indian exports. Emkay Global economist Madhavi Arora stated, "With such an obnoxious tariff rate, trade between the two countries is effectively dead." "At this rate, (India's) exports to the U.S. are becoming unsustainable. Clearly, the risks to India's economic growth and exports are rising, and the rupee may face new pressures," Elara Securities economist Garima Kapoor stated, "Calls for (India to implement) fiscal support may strengthen."
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Economists: Trade between the United States and India is essentially dead.
Jin10 data reported on August 6 that Trump announced a 25% tariff on Indian goods, raising the total tax rate to 50%. Trade analysts warn that the tariffs may severely disrupt Indian exports. Emkay Global economist Madhavi Arora stated, "With such an obnoxious tariff rate, trade between the two countries is effectively dead." "At this rate, (India's) exports to the U.S. are becoming unsustainable. Clearly, the risks to India's economic growth and exports are rising, and the rupee may face new pressures," Elara Securities economist Garima Kapoor stated, "Calls for (India to implement) fiscal support may strengthen."