The Daily Brief Big Tariff Shift? India’s Bold Trade Response!
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Apr 2, 2025 Explore the potential impact of proposed reciprocal tariffs on India's economy and global trade dynamics. Delve into the complexities of how these tariffs could affect Indian exports. Learn about ITC's strategic acquisition of Century Pulp and Paper, positioning itself in a competitive market. Discover insights into these major shifts in the paper industry and the broader implications for trade negotiations.
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India-US Tariff Tensions
- India faces potential reciprocal tariffs from the US due to high tariff rates.
- This situation creates uncertainty for Indian industries exporting to the US.
Trade Negotiation Stalemate
- India and the US have engaged in trade negotiations, with India offering concessions like tariff cuts.
- Despite these efforts, no commitment on tariff relief has been secured from the US.
Potential Tariff Outcomes
- Three possible scenarios exist regarding the tariffs: direct impact on exports, tariffs lowered through a trade deal, or minimal impact due to bluster.
- The base case suggests tariffs will hit Indian exports, while optimistic cases see a potential trade deal or minimal practical impact.