Explained: How unfair are Donald Trump’s tariffs, what is India’s relative advantage, and what should it do?
[ad_1] How unfair are Trump’s tariffs and what should India do to counter their effect on the Indian economy? Donald Trump’s reciprocal tariffs have riled the world. Global markets are reeling from the shock and even experts are unsure about how exactly it will play out. On April 2, 2025, the US President announced ‘discounted’ tariffs on major economies, calling them out for what he sees as ‘unfair’ trade practices that disadvantage the American economy.What has followed is a global stock market rout, including in the US and India, as investors run for cover fearing a global economic slowdown and a possible US recession. Stagflation - a period of high inflation amidst stagnating economic growth or even contraction - is being predicted. Trump on his part seems firm on his decision, and has even said that the US economy needs […]