India will review and assess the impact of reciprocal tariffs, said Union Minister of State for Finance Pankaj Chaudhary on Thursday, reacting to the 27 per cent tariffs on Indian export to the US.
BJP National Spokesperson Shehzad Poonawalla on Thursday hailed the passage of the Waqf Amendment Bill in the Lok Sabha, calling it a triumph for social justice and good governance after over 13 hours of debate in the lower house of the parliament.
India is not so badly impacted by the imposition of tariffs by the US, which was announced by President Donald Trump on April 2, said ASSOCHAM president Sanjay Nayar.
US imposed 26 per cent tariffs on Indian can possibly impact the Indian Medical Devices sector, said the Rajiv Nath, Forum Cordinator of AiMeD, however he pressed on the need to explore windows of opportunities where US has been seeking to diversify its supply chain dependence to reduce the
Following the passage of the Waqf (Amendment) Bill in the Lok Sabha late Wednesday night, Congress MP Imran Pratapgarhi on Thursday criticised the timing and intent behind the legislation, stating that it was a diversion made by the ruling government from the tariff announcement made by the
"It will definitely have implications for our exports. I think it is incumbent on the Finance Minister to make an analysis and uprise the House and the nation on what these implications will be and how they will affect our economic growth," the Congress MP told ANI.
As the US President, Donald Trump, mandates a 27 per cent tariff on Indian goods to his country, the economists and economy watchers have opined that exporters will face relatively less trouble, as amongst major EMs in Asia, tariffs on India is the lowest, barring the Philippines.
"It represents an abject failure of the negotiations that were taking place between the US and the government of India. The US has imposed tariffs, expelling our students, and cancelling visas without any provocation, and the government is absolutely silent... The government needs to deve
The imposition of higher reciprocal tariffs by US President Donald Trump on several Asian and European countries, including China, Vietnam, Taiwan, Thailand, and Bangladesh, presents a strategic opportunity for India to strengthen its position in the global trade and manufacturing says GTRI