As there was provided some clarification on the much-awaited reciprocal tariffs by the US, right here is Zee Enterprise Managing Editor Anil Singhvi’s view about its probably affect on India and D-Avenue. However earlier than that this is in short what Donald Trump introduced within the wee hours of Thursday (IST).
US administration imposed reciprocal tariffs within the vary of 10 per cent to 49 per cent tariffs on over 180 nations with impact from April 9, 2025. On imports from India, the US has levied a 26 per cent levy.
In keeping with Singhvi, US President has levied a most tariff with imposition on all nations and that’s on the upper facet. Nonetheless, what he views as a reduction is that tariffs is not going to see a rise anymore.
After the announcement and amid fears of a commerce battle, the US 10-year bond yield fell to a 6-month low, whereas the greenback index additionally weakened. On the final depend, the greenback index (DXY) quoted decrease by 0.55 per cent at 103.09.
Additionally Learn: Trump’s 26% reciprocal tariff on imports from India: This is how auto, pharma and IT house could fare
Moreover, as per market the market guru- the tariff battle will price the US extra. Subsequently, the declaration of tariffs just isn’t the tip of the battle however its starting opines Singhvi.
How impactful would 26% tariff on imports from India be?
Though there was imposed a 26 per cent levy on imports from India, the federal government is in fixed dialogue with the Trump administration. Therefore lots of the issues are anticipated to be resolved by means of dialogue.
Additionally, Singhvi identified that Trump’s stance on India is slightly softer relative to different nations.
