How much loss will India suffer due to Trump's tariff policy? The government is doing the calculation.

Posted on 18th Mar 2025 01:14 pm by rohit kumar

Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha on Monday that the government is assessing the impact of the 25 percent duty imposed by the US on steel and aluminum imports.

 

The minister said in a written reply that as per the announcement of the US President, the US government has imposed import duty from March 12. He said, as informed by the Department of Commerce, the impact of the above announcements on India is being assessed.

 

India's rating improved.

 

Responding to another question, the minister said that out of the 40 recommendations of the Financial Action Task Force, India has received compliance or largely compliance rating in 37. It received partially compliance rating in three recommendations and none was given non-compliance rating.

 

India was placed in the Regular Follow-Up category, which is the best possible rating given to any country being evaluated under FATF. There are only three other countries of the G-20 that have received this rating. This reflects India's strong position.

 

America will also suffer losses.

 

Some people also believe that Trump's tariff against India could become a noose around the neck for Americans as the prices of medicines in America may increase. Millions of Americans may have to pay more for their medicines.

 

According to a study by consulting firm 'IQVIA', Indian generic medicines saved $219 billion in 2022 alone. Experts say that without a trade agreement, Trump's tariffs could make some Indian generic medicines unviable. This could force companies to exit the market and worsen existing drug shortages.

Other news

71st National Film Awards: 71st National Film Awards to be presented today; President Murmu to honour

The winners of the National Film Awards for the year 2023 were announced on August 1st. The winne

Rule Changed: From UPI to credit card rules... these changes will happen from August 1; they will have a direct impact on common people.

The month of August is going to start on Thursday. With the beginning of the month, many such rul

Ranbir Kapoor: Ranbir got emotional on the sets of 'Ramayana', the video went viral; said- 'It is difficult to give a speech at the end'

One of the most awaited films of Bollywood, 'Ramayana', whose shooting has been going on for a lo

IND vs SA: What did Rohit Sharma say after Virat Kohli's century? Arshdeep Singh reveals in video

India's run-machine Virat Kohli scored his 52nd career century in the first ODI against South Afr

In the Republic Day parade tableau, the Home Ministry showcased the new criminal laws, which Amit Shah described as a sign of a justice-oriented system.

Home Minister Amit Shah said on Monday that his ministry's tableau in the Republic Day parade sho

T20 World Cup: Suresh Raina slams the drama between Bangladesh and Pakistan! He responded to Naqvi's empty threats, saying the ICC won't let them get away with it.

Former Indian star and World Cup-winning cricketer Suresh Raina has reacted sharply to Pakistan's

'If I get a chance, I will destroy Pakistan, ' Colonel Sofia's father fought in the Bangladesh war, said this on Operation Sindoor.

India has avenged the terrorist attack in Pahalgam by carrying out air strikes at 9 places in Pak

Preparations for action against Pakistan? NSA Ajit Doval met PM Modi for the second time in 24 hours

Tensions between India and Pakistan continue after the attack in Pahalgam, Jammu and Kashmir. Mea

Ajay Devgn reacts to Akshaye Khanna's exit from Drishyam 3; the actor spoke to the director.

Following the success of the film Dhurandhar, actor Akshaye Khanna's name has been constantly in

ICC vs PCB: Preparations underway to rein in Pakistan, who are staging a boycott drama! They may face serious consequences.

Pakistan on Sunday refused to play the T20 World Cup match against India. The Pakistani governmen