Former President Trump has launched bold, reciprocal tariffs on imports from Japan, South Korea, and other key trading partners, aiming to tackle trade imbalances head-on and ignite a powerful comeback for U.S. manufacturing amid persistent global supply chain challenges
The United States Trade Representative’s reciprocal tariff calculations play a crucial role in shaping international trade relations. By assessing tariffs imposed by trading partners, the U.S. aims to foster fair competition and protect domestic industries.
Amid global uncertainties over Trump’s trade threats, India could strategically implement reciprocal tariffs. This move could enhance domestic industries, protect local jobs, and encourage global trade negotiations, positioning India as a resilient economic player.
