tariffs on india – Artifex.News https://artifex.news Stay Connected. Stay Informed. Mon, 18 Aug 2025 13:05:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png tariffs on india – Artifex.News https://artifex.news 32 32 50% tariffs on Indian exports to the U.S. will reduce demand ‘very substantially’: Moody’s Analytics https://artifex.news/article69947490-ece/ Mon, 18 Aug 2025 13:05:00 +0000 https://artifex.news/article69947490-ece/ Read More “50% tariffs on Indian exports to the U.S. will reduce demand ‘very substantially’: Moody’s Analytics” »

]]>

Moody’s added that the tariffs imposed by the U.S. have left countries across Europe and the Asia-Pacific region “feeling bruised”. File.
| Photo Credit: Reuters

The combined 50% tariff on Indian exports to the U.S. will reduce demand for Indian goods “very substantially”, Moody’s Analytics said in a report. 

The report was talking about the combined effect of the ongoing 25% tariff on Indian imports imposed by U.S. President Donald Trump, as well as the secondary tariff of 25% he imposed for India’s economic dealings with Russia, which are set to come into force on August 27. 

“India has experienced a sudden deterioration in its relations with the U.S. and has been threatened with 50% tariffs, a rate that will reduce demand for Indian goods very substantially,” the report said.

It added that the tariffs imposed by the U.S. have left countries across Europe and the Asia-Pacific region “feeling bruised” since the U.S. is the largest trading partner for most of them, and a decline in sales to their largest customer “will hurt”. 

“Some firms in these countries may be willing to slash prices to maintain volumes, but this will affect firm performance through lower margins, a squeeze on wages and investment,” Moody’s Analytics added. 

“Given that we now expect tariffs to remain in place for the remainder of Trump’s presidency, the drag on growth, particularly on investments and exports, will be notable,” it said.



Source link

]]>
US Congressman-elect Suhas Subramanyam has said he is opposed to imposing tariffs on India as it will lead to a trade war between the two countries. Mr. Subramanyam’s comments came amid the likelihood of higher tariffs on Indian exports by the new Trump administration. https://artifex.news/article68880910-ece/ Mon, 18 Nov 2024 05:37:54 +0000 https://artifex.news/article68880910-ece/ Read More “US Congressman-elect Suhas Subramanyam has said he is opposed to imposing tariffs on India as it will lead to a trade war between the two countries. Mr. Subramanyam’s comments came amid the likelihood of higher tariffs on Indian exports by the new Trump administration.” »

]]>

I don’t support (imposing) tariffs on India. I think that would be really bad. It would lead to a trade war. And I don’t think it’s good for either country,” Mr. Subramanyam said.
| Photo Credit: AP

U.S. Congressman-elect Suhas Subramanyam has said he is opposed to imposing tariffs on India as it will lead to a trade war between the two countries.  

Mr. Subramanyam’s comments came amid the likelihood of higher tariffs on Indian exports by the new Trump administration.

“I don’t support (imposing) tariffs on India. I think that would be really bad. It would lead to a trade war. And I don’t think it’s good for either country,” Mr. Subramanyam told in an interview. Ahead of his election as U.S. President, Donald Trump had taken a potshot at India’s tariff structure and talked about imposing reciprocal tax on countries like China and India.  

Also Read | U.S. Elections 2024 results: Suhas Subramanyam wins Congressional race from Virginia

With Mr. Trump set to assume charge as U.S. president, there is a likelihood of higher tariffs on Indian exports.

“There’s a lot of businesses that do really great work in India and a lot of Indian companies are expanding to the U.S. So the more our countries work together economically, the stronger we’ll be,” Mr. Subramanyam said.

Getting ready to be sworn in as a member of the House of Representatives, which plays a key role in shaping the foreign policy of the United States, Mr. Subramanyam said he wants to be someone who promotes democracy around the world.

“India, for instance, is one of the largest democracies, and the U.S.-India relationship is very important to both countries,” he said.

Mr. Subramanyam, 38, is the sixth Indian-American elected to the U.S. House of Representatives.

He joins Indian Americans Dr. Ami Bera, Pramila Jayapal, Raja Krishnamoorthi, Ro Khanna and Shri Thanedar in the so-called Samosa Caucus.

He was declared elected from the 10th Congressional District of Virginia and is the first Indian-American to be elected from the East Coast.

He also advocated an overhaul of the U.S. immigration system.

“I’m hearing a lot about immigration, especially people on H-1B visas trying to get a path to citizenship and a Green Card at least. And at least a change of status,” Mr. Subramanyam said.

“We need an immigration system overhaul in the United States. We need to focus on legal immigration. There’s a lot of talk about undocumented immigrants, and I certainly support securing our border, but we need to do more than just that,” he said.

Mr. Subramanyam said he would also oppose any move by the incoming Trump administration to cut large-scale federal jobs and is looking to be a champion of the federal workforce.

.”I want to make sure as they look at the government overhaul that’s being proposed, that doesn’t mean firing federal workers or cancelling federal contracts,” he said.

He said he looks forward to being a champion for the federal workforce in Virginia. “I will oppose any efforts (of the incoming administration to cut federal jobs),” he said.



Source link

]]>