The US's "Trumponomics" strategy, which includes tariffs, has significantly impacted the global economy, triggering trade wars and disrupting supply chains. India faces both challenges like potential export losses and currency devaluation, and opportunities to reposition itself in the global market. A strategic response focusing on diversification and competitiveness is crucial.
Click to View MoreThe US imposed 50% tariffs on Indian imports, citing trade deficits, market access issues, and India's Russian ties. This threatens India's exports, particularly electronics, pharmaceuticals, and textiles, impacting economic growth and MSMEs. India is responding through dialogue, diversifying trade relations, strengthening domestic manufacturing, and advocating for multilateralism to navigate these pressures.
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