ट्रंप का भारत पर नया बयान, विशेषज्ञों ने जताई बड़े असर की आशंका

Speedy Summary

• U.S. President Donald Trump has doubled American tariffs on steel adn aluminum imports to 50% effective June 4,citing national security concerns.
• This decision disrupts teh global supply chain and could impact Indian exporters, leading to decreased profitability for steel and aluminum products.
• India exported $4.56 billion worth of iron, steel, and aluminum goods to the U.S.in FY 2024-25. These exports will now face higher American tariffs.
• india has issued a formal notice to the World Trade Organization (WTO), signaling its intent for retaliatory tariffs against U.S. goods over previous steel tariff measures.
• Experts suggest this policy reflects economic nationalism in America but may also result in inflationary pressures there due to increased costs in industries reliant on these metals.

Indian Opinion Analysis

The doubling of tariffs by the U.S., apart from being a protectionist measure prioritizing domestic industry under national security claims, poses significant challenges for India’s economy. It directly affects profitability for Indian exporters of metals such as steel and aluminum at a time when global trade faces rising uncertainties.

India’s reaction at the WTO demonstrates proactiveness but may escalate trade tensions further if retaliatory tariffs are imposed on American goods-a move that risks reciprocal actions from the other side.Strategically, it is crucial for India to diversify export markets while addressing competitive structural disadvantages faced by its manufacturers globally.

Domestically within America, experts have pointed out how this may increase material costs across manufacturing sectors like automotive and construction industries-eventually inflating consumer prices-reflecting unintended consequences of economic nationalism policies globally influencing interconnected economies like India’s.

Read More: Navbharat Times