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India weighs plan as tariff war flares
Mint Mumbai
|February 03, 2025
India is working on an action plan to steer clear of a potential trade war with the US, two people aware of the matter said, with the government looking to prepare a list of goods that might face tariff action.
The development comes in the backdrop of a trade war erupting between the US and Mexico, Canada and China, with tariffs and retaliatory tariffs exchanged blow for blow.
On Saturday, US president Donald Trump imposed 25% tariff on imports from Mexico and Canada (energy products from Canada would attract 10% tariff), and 10% tariff on imports from China.
Mexico and Canada swiftly counter-imposed an identical 25% tariff on imports from the US the same day.
The Indian government is expected to unveil a fullfledged response plan in the coming months depending on the decisions of the US government, the two persons cited above said on condition of anonymity.
Cette histoire est tirée de l'édition February 03, 2025 de Mint Mumbai.
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