How Trump’s Tariff Plan Could Impact Indian Exports: A Visual Breakdown
The government on Wednesday said it is studying the implications of US President Donald Trump’s announcement to impose 25 per cent tariffs on Indian goods, along with a penalty from August 1 and it is still hopeful of concluding a fair, balanced and mutually beneficial bilateral trade agreement. (IMAGE: NEWS18)
India is among the nations hit despite being labeled a “friend”, with the US president calling India the “tariff king” and pressing for better market access for American products. (IMAGE: News18)
Although President Trump argues that tariffs hurt foreign countries, US importers pay the actual tariffs, often passing the extra cost to American consumers. (IMAGE: News18)
Tariffs make foreign products more expensive in the US, discouraging imports and shrinking market access for trading partners like India. (IMAGE: NEWS18)
Trump has already signed trade deals with Japan and the EU, though the promised investment figures, totaling over $1 trillion, remain largely on paper. (IMAGE: News18)
Trade talks between India and the US have been ongoing for months, but no formal deal has yet been finalized. (IMAGE: NEWS18)
