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.

1 Like 0 Dislike
Previous news Next news
Other news

Ahmedabad ready to host Commonwealth Games 2030: How did India get the hosting rights, when did the whole story begin?

Hosting the 2036 Olympic Games has always been a long-term goal for the Indian government. Ahmeda

'We are proud of you...' This special person had advised Dhanashree Verma to separate from Yuzvendra Chahal

Cricketer Yuzvendra Chahal and Dhanashree Verma's divorce was once one of the most talked-about t

No fuel for old vehicles in Delhi: Police seized two bikes, teams deployed at petrol pumps; AAP's reaction

There is a ban on giving petrol and diesel to vehicles that have completed their age in the capit

Luthra Bros. Deportation: News of the Luthra brothers' extradition to India after their passports were suspended; both are currently in Thailand.

The Luthra brothers, the main accused in the Goa nightclub fire, have been detained in Thailand,

Kieron Pollard and Naseem Shah had a fierce fight, and a video of what happened during the final match has gone viral.

A surprising incident unfolded during the ILT20 final played at the Dubai International Stadium,

They Call Him OG: From tears to fireworks outside the theater, fans celebrated seeing OG;

Power Star Pawan Kalyan's new film, "They Call Him OG," was released in theaters today. Fans were

Washington terror attack: President Trump says crime must be curbed; will ban visitors from these countries

US President Donald Trump made a major statement on Friday, saying he would permanently halt immi

MI vs RCB: After 10 years, Bangalore defeated Mumbai at Wankhede, Krunal Pandya shone after Kohli-Patidar

On the strength of Krunal Pandya's lethal bowling, Royal Challengers Bangalore (RCB) defeated Mum

Anmol Bishnoi: Anmol was running a terrorist syndicate in America, and Moosewala's murder and Lawrence had made this plan.

The National Investigation Agency (NIA) has secured the remand of gangster Anmol Bishnoi, who was

New Rules: From UPI to LPG gas prices... what will change from today? Know the answer to every question here

Every month brings new changes. In this sequence, today i.e. from August 1, some such rules are a

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash