Could Trump's tariff bombing lead to Advantage India?
By Pradeep Damodaran, Pragadish Kirubakaran and Neeraja Gopalakrishnan in Media News on Friday, 04th April 2025 at 4:06pmMore than 24 hours after Donald Trump bombarded the global business community with his tariff bomb, Indian business leaders hope to see a thin silver lining when all the debris clears, if one were to go by this morning's papers.
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Sidhartha for The Times of India wrote that while exporters argue that this gives India some comparative advantage, higher import duties will push up domestic prices in the US, even with the baseline scenario of 10% duty for some countries, and dampen consumer demand.
"Estimates suggest that around two-thirds of India’s exports will bear the impact of reciprocal tariffs. The remaining, including critical sectors such as pharma and some petroleum products, have managed to get a reprieve, at least for now," he wrote.
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