Trump’s hitting India with a 25% “tax” on its exports (like clothes and medicines) starting tomorrow, plus a “penalty” for India buying from Russia. This means products could cost more and Indian jobs might be affected. It’s a tough balancing act for India: protect its economy, keep its global friends, and stand strong.
How can India smartly play its long game to survive these tariffs and protect its interests without caving in?
India needs a balanced and strategic response. Strengthening trade ties with other key partners like the EU, ASEAN, and African nations can help reduce dependence on the US market. At the same time, investing in domestic manufacturing, innovation, and self-reliance can boost resilience.
I find your points very strategic and true! @Rachana Our best course of action truly lies with bringing our allies together and shifting our focus inwards as a nation.
India surely have some strategic plans to handle this issue.
I think the U.S. might be affected more by these tariffs. When the U.S. puts a 25% tax on goods from India, the companies that import them will likely raise the prices. So, people in the U.S. will have to pay more for things like clothes and medicines.
Yes, India will also face some impact, especially in industries like textiles and pharma. But we have other options, we can trade with different countries and find new markets. I believe smart people in our country will definitely find ways to handle this and protect our economy in the long run.
I think the finance team of India has thought it through and will come up with something that’ll be overriding this
I don’t know much about the economics and finance.
So I’m leaving it to them!