American India will apply reciperook tariff, what way of victory is available to India to reduce the trump effect

America’s reciperook tariffs are going to be implemented from April 2. According to the report on Thursday in this episode, in view of the upcoming tariff, the US needs to carry forward the conversation by giving concessions in some major areas. Also, India will also need to take care that the domestic industry of the country does not harm it.

Tram "Love for a deal" In the rapidly changing global business mobility between, MK Global Financial Services has something for India "easy win" Identified.

These include energy (crude oil, natural gas) imports from the US, increasing defense procurement and cooperation, reducing fees on some agricultural/food items and reducing duty on foreign electric vehicles (EV).

MK Global Financial Services Limited Chief Economist Madhavi Arora said that in view of the complications around the tariff assessment of the sector or commodity level in the value chain, the brand sector level recipe on April 2 is most likely to apply."Text-Align: justify;"> He said, "India will have to work hard to get market share in this new phase of Global Trade War. At the end of this, we think the tariff will not be a major setback for India, as the dialogue will be fruitful, which will have a slight impact on overall Indian exports for the US."

For tariffs on Mexico and Canada, some export opportunities are refined petroleum, auto components, but integrated nature of North American Supply Chain means that if any benefit is possible, India will take time to get it.

Trump has said that he hopes India will significantly reduce the tariff, but the recipe will move forward with his plan to recover the rate. He said last week, "I think they are going to reduce those tariffs to a great extent, but on April 2 we will charge the same tariff from them, which they recover from us."

Union Commerce Minister Piyush Goyal also visited Washington this month and spoke to US trade representative Jamison Greer and US Commerce Secretary Howard Lutnik to prevent tariff hike.

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