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

National Herald Case: Congress's 'Congress Satya BJP Jhoot' campaign starts today, 57 leaders will visit 57 cities

The Congress party will hold press conferences in 57 cities across the country between April 21 a

Bhuvneshwar Kumar created history in the GT vs RCB match, equaling Dwayne Bravo's IPL record

Royal Challengers Bangalore (RCB) suffered their first defeat of IPL 2025. They lost the match by

'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

IPL 2025: KL Rahul missed a century against RCB, but made many records, his statistics in successful run chases are shocking

In IPL 2025, Delhi Capitals continued their winning campaign and defeated Royal Challengers Banga

Haryana Elections: Congress' fort destroyed, BJP's stronghold strengthened, this community distanced itself from the Jats

By making the lotus bloom in nine out of the ten municipal corporations of the state, the urban v

Salman Khan: Preparations are on to field Salman Khan in the next Lok Sabha elections, this news came out from Bandra's Eid Milan celebrations

Could Salman Khan's next step be towards politics? This time there was a lot of discussion on thi

Pahalgam Attack: All-party meeting on Pahalgam terror attack today, Attari border closed; bodies of the dead are being sent home.

The central government will hold an all-party meeting on Thursday on the terrorist attack in Paha

KKR vs LSG : In the match between KKR and Lucknow, there will be a contest between Narine and Digvesh, eyes will be on Pant

The IPL 2025 match will be played between defending champions Kolkata Knight Riders (KKR) and Luc

Who will be the new president of the BJP? Amit Shah and Rajnath Singh had a secret meeting with PM Modi.

Before the election of the BJP President, an important meeting was held at his residence under th

Disha Patani's soldier sister got angry about the Pahalgam terrorist attack, and said - 'Let the war happen now'

Terrorists have created a havoc of death in Pahalgam, Jammu, and Kashmir, which is called heaven

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