{"id":245327,"date":"2025-02-24T07:02:06","date_gmt":"2025-02-24T07:02:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/24\/trumps-tariffs-indias-gdp-may-take-0-1-0-6-hit-from-us-tariff-moves-says-goldman-sachs-the-times-of-india\/"},"modified":"2025-02-24T07:02:06","modified_gmt":"2025-02-24T07:02:06","slug":"trumps-tariffs-indias-gdp-may-take-0-1-0-6-hit-from-us-tariff-moves-says-goldman-sachs-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/24\/trumps-tariffs-indias-gdp-may-take-0-1-0-6-hit-from-us-tariff-moves-says-goldman-sachs-the-times-of-india\/","title":{"rendered":"Trump’s tariffs: India\u2019s GDP may take 0.1-0.6% hit from US tariff moves, says Goldman Sachs – The Times of India"},"content":{"rendered":"
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Trump has specifically mentioned India alongside the European Union and China, stating that India maintained “the highest tariffs in the world”.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

Impact of US tariffs on India: India\u2019s GDP may take a hit of around 0.1 to 0.6 percentage points due to the proposed US tariffs, according to a recent Goldman Sachs analysis. The study examines scenarios of US tariff implementation: country-level and product-level reciprocity.
It states, “India’s domestic activity exposure to US final demand would be roughly twice as high (4.0 per cent of GDP) given exposure to the US via exports to other countries, and would likely result in a potential domestic GDP growth impact of 0.1-0.6pp.”
Should the US administration opt to raise tariffs on all imports by the average tariff differential between specific countries and itself, the effective US tariff rates on Indian imports would see an increase of 6.5 percentage points, it says.
On February 13, President Trump directed his team to create a “Fair and Reciprocal Plan”. The subsequent memo outlined a strategy to equalise tariffs, taxes and non-tariff barriers with other nations. During his February 13 press conference, Trump specifically mentioned India alongside the European Union and China, stating that India maintained “the highest tariffs in the world”.
Also Read | ‘More of white noise’: Why Trump\u2019s reciprocal tariffs on India\u2019s exports to US will have a \u2018limited\u2019 impact<\/a>
India-US Trade Dynamics:<\/span><\/p>\n

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