US President Donald Trump is going to implement counter -tariffs on all countries on 2 April. The apprehensive Globar stock market, apprehensive with Trump’s move, is stepping up. There is also apprehension that the stock market should not hit such a turn that many countries should be forced to take emergency steps. Possibly the result of this decision of Trump will be all -round trade war, fear of economic recession. Trump has introduced April 2 as ‘Liberation Day’ i.e. Mukti Day. It is said that his decision will prevent American industries from being ruined by other countries. He has said that he will put his counter -tariff on all countries, but how much it will be on, how will anyone get a discount or not .. There are many questions on which all the countries are forced to guess just because of no clear answer.

US time will implement trump tariff measures with cabinet members at Rose Garden of White House at 4:00 pm (late Thursday in India). Targeting India, Trump has said many times that it is one of the “most tariffs” countries “. Should New Delhi be ready for heavy tariff burden before the announcement of Trump’s tariff plan?

How can India be affected?

Think Tank Global Trade Research Initiative (GTRI) has warned that new tariffs can greatly affect Indian exports. According to the report of GTRI’s “Recipe Drookle Tariff and India”, the US currently imposes 2.8% tariff on India’s exports, but if Trump follows the policy of imposing equal tariffs, India may face 4.9% additional tariffs, which will affect areas like agriculture, electronics and pharmaceuticals.

“If the US imposes the same tariff on all the products in India, India will have to bear an additional 4.9% tariff burden. Currently, American goods have to face an average tariff of 7.7% in India, while Indian exports in the US have only 2.8% tariff. That is, there is a difference of 4.9% in tariffs between two countries.” The report has been told.

However, if the US applies different tariffs on different sectors, then the effect will be seen will be sector-wise. That is, separate on every sector.

The tariff imposed by Trump can lead to the biggest risk to India’s agricultural sector. The tariff on shrimp, dairy and processed food can increase by 28.2%. Tariffs on pharma and jewelery industries can be more than 10%. The report said that the electronics industry may face up to 7.2% tariffs.

At the same time, areas like petroleum, minerals and textiles can be the least affected.

The report also highlighted that India’s tariffs remain in line with the World Trade Organization. It has allowed developing countries to maintain high tariffs in favor of rich countries, in return they have to obey business rules.

However, there is no clarity about what India will take the next step. Donald Trump and Prime Minister Narendra Modi have good friendship. Both often reflect when they speak about each other. And this friendship is expected to play a big role in preventing any huge damage. This is opposite China where its mutual enmity with the US has spoiled any possibility of solution.

Opportunity in disaster?

In Trump’s tariff policy, India can also find opportunities in disaster. Experts remain optimistic that when America imposes additional tariffs on goods coming from countries like Canada, they will become less competitive in the market there, which will create opportunities for Indian exports.

According to GTRI founder Ajay Founder, the US tariff will be more competitive in Canada, which will allow Indian companies to get such products from Canada at low cost. This can lead to two benefits: Business relations will be strengthened and India’s dependence on other suppliers will decrease.

When Trump put additional tariffs on Canada, China and Mexico after assuming his chair, exporters spoke of similar opportunities for Indian vendors. Ajay Sahay, Director General of Federal of Indian Export Organization, spoke of areas such as electrical machinery, auto component, pharma and chemical, which was likely to benefit from such tariffs. But he said that the limit of profit will depend on India’s production capacity.

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