#TrumpTariffs

Trump's Tariff Policy: Key Points to Consider

US President Donald Trump's administration has imposed new tariffs on imported goods, sparking concerns about economic instability and trade relationships. Here are some key pointers:

- *Tariff Rates*: A baseline 10% tariff on all imports, with higher duties for key trading partners:

- *China*: 34% (existing tariffs) plus additional 10% (proposed)

- *India*: 26%

- *European Union*: 20%

- *New Tariffs*: Potential tariffs up to 70% on certain exports from countries that don't meet trade deal requirements, effective August 1, 2025

- *Global Trade Impact*: The World Trade Organization (WTO) warns that these tariffs could shrink global trade in 2025, forecasting a 0.2% decline

- *Affected Countries*: Over 100 countries, including India, will be impacted by the new 10% tariff

- *Economic Concerns*: Markets are closely monitoring the situation, with potential impacts on economic stability and inflation.