New Delhi, February 3. U.S. President Donald Trump has initiated a ‘tariff war’. The United States has imposed tariffs on Mexico, Canada, and China. In response, Canada has also announced tariffs on American goods. Donald Trump has repeatedly included not only China and Canada but also India in the list of “heavy tariff-imposing” countries and has warned of imposing high tariffs on imported goods from India. During his first term in 2018, the Trump administration imposed high tariffs on aluminum and steel, which affected many countries including India. In response, India also imposed tariffs on American goods. Now the question arises, if Donald Trump also imposes tariffs on India, what will be the impact? Will the impact be only on India, or will America also suffer from Trump’s ‘tariff madness’?
Global trade experts say that imposing tariffs on Indian imports will affect not only the diplomatic relations between the two countries but also the industries and general public of both India and America. America and China are India’s biggest trade partners. If America increases tariffs, India will certainly not remain passive and will definitely retaliate. In such a situation, treating India like a minor country could prove to be a costly deal
