3 Things Trump's tariffs on India, Mahabodhi temple row, and hunger strike at UoH
Apr 4, 2025
Udit Mishra, a reporter at The Indian Express, dives into the implications of President Trump's new tariffs on India, discussing how they could reshape global trade and challenge India’s economy. He draws parallels to historical policies that triggered economic turmoil. The conversation also touches on the Mahabodhi temple controversy, emphasizing its importance to Buddhist heritage amid ongoing disputes. Lastly, the vibrant hunger strike at the University of Hyderabad showcases students' fight for land preservation and campus rights, highlighting their determination.
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Understanding Tariffs
- Tariffs are essentially taxes imposed on imported goods, increasing domestic prices and potentially reducing trade.
- Trump's reciprocal tariffs aim to create fairer trade for American businesses, addressing perceived disadvantages from other countries' practices.
Impact on India
- While India's 26% tariff rate is lower than some of its neighbors', its existing export struggles might amplify the negative impact.
- India's weaknesses in trade, such as stagnating exports, make it more vulnerable to the effects of tariffs compared to stronger economies like China or Taiwan.
Global Economic Impact
- Trump's tariffs could disrupt established global supply chains and lead to a trade war with retaliatory tariffs from other countries.
- This policy-induced cost increase can cause inflation, slower growth, and potential stagflation, impacting the global economy negatively.