KIRTI KAPSE

  The imposition of tariffs by the United States under Trump’s policy posed challenges for India’s exporters, especially in sectors like steel, aluminum, textiles, and agriculture. To safeguard its economy and maintain strong bilateral ties, India needed a balanced strategy. 1. Diversification of Export Markets Relying heavily on the U.S. makes India vulnerable to tariff shocks. India should: Expand trade with ASEAN countries, Africa, and the EU. Strengthen participation in regional trade agreements like RCEP (even as an observer or future partner). Promote “Look East” and “Act East” trade policies to reduce dependence on the American market. 2. Strengthening Domestic Manufacturing Encourage Make in India and Atmanirbhar Bharat initiatives to reduce dependency on imports of raw materials. Focus on building competitive industries (electronics, textiles, pharmaceuticals) to capture new global demand. 3. Negotiating Trade Diplomacy Use diplomatic channels to negotiate tariff relaxatio...

1. Political Impact on the United States Domestic Politics: Trump’s tariffs were politically popular among his core supporters, particularly blue-collar workers and industrial states like Pennsylvania, Ohio, and Michigan. By projecting himself as a defender of American jobs, Trump strengthened his nationalist and protectionist image. Polarization: However, tariffs deepened political polarization. Democrats and liberal economists criticized the policy as short-sighted and harmful to global trade relations. Foreign Policy Leverage: Trump used tariffs as a bargaining chip in trade negotiations (especially with China, Mexico, and India). This showed a shift from cooperative diplomacy to transactional politics, reshaping America’s global image as a more aggressive economic power. 2. Political Impact on India Strained Relations: India was among the countries hit by U.S. tariffs on steel, aluminum, and certain exports. In retaliation, India also imposed tariffs on American goods (like almonds...

 The Impact of Trump’s Tariffs on the United States When Donald Trump introduced tariffs during his presidency, the policy was mainly framed as a tool to protect American industries, reduce trade deficits, and counter what he called “unfair trade practices” by other countries, including China, Mexico, and India. While the tariffs were projected as a way to strengthen domestic manufacturing, the actual economic impact on the United States was mixed, with both positive and negative consequences. 1. Impact on American Consumers One of the most direct effects of tariffs was on ordinary American consumers. Tariffs are essentially taxes on imported goods, which raise the cost of those products. As a result, many imported items—ranging from electronics to clothing and even basic household goods—became more expensive. Studies suggested that the average American household paid hundreds of dollars more annually due to tariff-driven price hikes. 2. Impact on American Businesses Manufacturers:...