New Delhi: This is going to be an all-nater for many officers in the Department of Commerce as they prepared a spreadsheet on their computer to assess US President Donald Trump. Mutual tariff Effect Indian exporters and businesses,
Sources said that a war room has been established by the department in Vanajya Bhavan, it is also part with senior officials. This idea is also to ensure that there is no nervousness and initial evaluation is done quickly.
Even business will monitor the announcements made by Trump from the Rose Garden of the White House, especially in the pipeline with transit and orders for the next six months. In addition, they have to calculate how their goods will compare with rivals.
Given many and often contradictory statements of Trump, it is not clear how the tariffs will play. If he intends to focus on countries, sections of products or specific products, businesses are uncertain as well as the government.
While the government is hoping that India will earn a vengeance, given that the two sides are talking on a bilateral trade deal, the White House claimed that there will be no exception.
However, the assessment in government circles is that the effect will be temporary and will also depend on how Trump applies duties on other countries, especially for products where India has large shipments for America.
However, exporters are worried that their margin may break into a dent and give more bargaining power to American buyers. “Most of the businesses are working on the assumption that tariffs can be in 10-15% range,” the industry sources said. But all these estimates are that there is no sure about what is in the store.
The heavy growth in levy may also have an impact on investment plans, especially for new manufacturing units, that some investors were thinking because Trump is motivated American companies to invest at home. Many economists may be careful to get out to exit, with many economists predicting weak economic activities due to the expected increase in prices in the US and are expected to be cautious until the effect is fully visible.
