India’s top Econ official confirms Trump tariffs to have “no impact” (link
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Date: September 12th, 2025 3:45 AM Author: Terry Bollea Did Nothing Wrong (TDNW)
The 50% US tariffs on India can reduce India's GDP by a half a percent in Fiscal 2026, according to the country's chief economic adviser, but the risks are greater if they spill over into the financial year.
India's Chief Economic Adviser V. Anantha Nageswaran.(PTI)
“I hope the additional penal tariff is a short-lived phenomenon,” Nageswaran told Bloomberg TV’s Haslinda Amin in an interview on Monday. “Depending upon how long it lasts even in this financial year, it may translate into a GDP impact of somewhere between 0.5% to 0.6%.”
If the tariff uncertainty extends into the next financial year, the impact will be “larger,” resulting into a major “risk” for India, he said.
https://www.hindustantimes.com/business/50-us-tariffs-can-shave-0-5-off-india-gdp-cea-v-anantha-nageswaran-says-101757310199548-amp.html
(http://www.autoadmit.com/thread.php?thread_id=5773033&forum_id=2:#49258963)
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Date: September 12th, 2025 5:21 AM Author: AZNgirl Shoving Dad in Hole in Charlie Kirk's Neck
It exempts pharma and electronics so it only impacts like 30b which is less than 1%, turds will just transship stuff via 3rd countries. As if turds okay by the rules
Modi anyway is doing VAT reduction that will negate any GDP hit for BS tariffs
Trump is a turd
(http://www.autoadmit.com/thread.php?thread_id=5773033&forum_id=2:#49258988) |
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