Donald Trump Tariff: India’s growth rate may decrease due to 50 % tariff on goods imported by Donald Trump. According to economists, it is expected to fall by 0.4 per cent.
Trump tariff impact on india: US President Donald Trump has imposed an additional 25% tariff on imports from India. With this, the total American fee on India has increased to 50%. Economists believe that this could lead to a decline of India’s GDP growth in FY 2026 by 0.4 percent. India’s trade with America will be difficult.
India’s growth rate may decrease due to American tariff
Economics expert Sonal Badhan at Bank of Baroda told ANI, “We initially estimated the US 25-26 percent tariffs imposed on GDP development of about 0.2 percent. The additional 25 percent increase will be applicable after 21 days. During this or coming months, there is a possibility that lower rates may be negotiated.”
He said that based on the final trade agreement, the total impact of these fees on the GDP (GDP) growth could be between 0.2–0.4 percent. American tariffs will affect clothes, precious stones, electronics, pharma, auto parts and MSMEs.
Sonal Badhan said, “If there is no negotiation on low rates, then there is a risk of decline in our development estimate of 6.4-6.6 percent.” There is concern between Indian exporters and business experts with the US imposing 50% tariffs. Indian goods have become quite expensive in the US market due to the new tariff.
America imposed tariffs due to continuing oil imports from Russia
Donald Trump on Wednesday imposed an additional 25 per cent tariff on India through an executive order. Earlier, he had imposed 25 percent tariff. Trump has taken this step in response to India in response to continuing oil imports from Russia.
The executive order issued by Trump said, “I have come to know that the Government of India is currently importing oil from the Russian Federation directly or indirectly. According to the applicable law, the goods imported in the US customs area will be applicable as an additional value of 25 percent on goods imported in the Customs sector.”
Ajay Bagga said- Business is not possible with America in this condition
Banking and market expert Ajay Bagga said, “India has 50 percent tariff right now, but to be honest, once it has crossed 25 percent, it does not matter whether it is 1,000 percent or 5,000 percent. Now business is not possible. Christmas orders are ready. Shipments are ready. So this step will affect exporters. If this step will have a bad effect. If 1 billion US dollar price will be affected.”