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Trump Tariff Churn Across Global Economies
The New Indian Express Kannur
|August 31, 2025
President Donald Trump's tariff terror continues to unleash economic uncertainty and chaos.
If countries like Indonesia, the Philippines, and Thailand rushed to secure a deal bowing under pressure, others like Brazil and India are standing firm. Still others like China and Japan, which have a deal, seem to be contemplating the contents of the agreement. If they do prefer to re-look the done deals, it could lend emotional support to India's cause.
For its part, India has called the tariffs 'unfair and unjustified'. According to S&P Global Ratings, 75% of India's exports to the US are exempt from tariffs. The impact is only on $44 billion worth of trade, or 1.05% of India's GDP. It means, the tariff onslaught is more a psychological pressure to fall in line, than a meaningful trade economic treaty.
Diese Geschichte stammt aus der August 31, 2025-Ausgabe von The New Indian Express Kannur.
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