US Tariff Tension on Indian Economy
Now a days due to Trumps tariff our stock market showing weakness on some registance level. While trade tensions between the US and China frequently dominate headlines, the US has also had its share of tariff-related friction with India, a significant trading partner and an emerging economic power. These tensions, though less publicized, can have notable implications for India's economy, influencing various sectors and trade policies. Historically, the US has expressed concerns regarding India's tariff structure, which it views as relatively high on certain products, posing barriers to American exports. A key point of contention arose when the US revoked India's designation as a beneficiary under the Generalized System of Preferences (GSP) program in 2019. The GSP allowed duty-free entry for thousands of Indian products into the US, providing a significant advantage to Indian exporters. The revocation was a response to what the US perceived as India's failure to provi...