In a significant move that has sent shockwaves across the global economy, U.S. President Donald Trump has announced a 26% reciprocal tariff on India, along with several other countries. This decision comes as part of Trump’s continued efforts to strengthen the U.S. economy, leveraging tariffs as a tool to balance trade deficits. The tariffs are expected to impact various sectors, with the auto, electronics, and agriculture industries bearing the brunt. India, a major exporter of soybeans to the U.S., will also feel the effects, with experts predicting a reduction in exports by approximately $3.6 billion. The Indian stock market reacted immediately, opening with a 500-point drop, though it has since shown signs of recovery. The rupee weakened against the dollar by 26 paise. However, experts suggest the overall impact on India’s GDP will be limited to about 0.1%, a less severe effect than initially feared. While the automobile and IT sectors face significant pressure, the pharmaceutical sector has been temporarily exempted, with a decision expected after April 10. The situation remains fluid, and India’s government is actively evaluating strategies to mitigate the impact of these tariffs.
Category
🗞
NewsTranscript
00:00Trump has announced the tariff war, which he was announcing till now,
00:05that decision has now been announced and implemented.
00:08US President Donald Trump has announced a strong tariff.
00:12Donald Trump has given a big shock to the whole world, including India.
00:16Has Trump taken a 26% tariff decision on India?
00:21So this 26% reciprocal tariff that has been imposed on India,
00:27Reciprocal tariff means, in simple language, you can call it a tax of return.
00:31This new tariff rate will be implemented from 9th April.
00:35Yesterday, US President Donald Trump announced for many countries,
00:39in which America has imposed a 26% tariff on India.
00:42The effect of increasing US tariff is on the city market today.
00:46The city market is open with a fall.
00:48Sensex is 500 digits below.
00:50In comparison to the dollar, the rupee has also fallen by 26%.
00:56So Trump has imposed a 26% reciprocal tariff on India.
01:01With the promises and claims of strengthening the US economy,
01:06US President Donald Trump has won the election and reached the post of President.
01:10In this, the reciprocal tax imposed on many countries by Donald Trump,
01:17has an impact on India as well.
01:19Where Trump has taken a 26% reciprocal tax decision,
01:23the impact of which is on the Indian market.
01:26The city market is open with a fall.
01:30Sensex is 500 digits below.
01:33In comparison to the dollar, the rupee has also fallen by 26%.
01:41So this is the big news of this time.
01:53You are a friend of mine, but you are not treating us right.
01:56They charge us 52%.
01:58You have to understand, we charge them almost nothing.
02:02We will take you straight to Mumbai.
02:04Our co-host Namrata is present with us.
02:06Let's go to Namrata.
02:07The market is open with a fall.
02:08What is the state of the market now?
02:09Namrata, update.
02:15We were talking about the reciprocal tariff.
02:18India charges 52%, but still 26% tariff has been imposed on India.
02:25The direct impact of this is visible in the city market.
02:28You can see the ramp of Bombay Stock Exchange behind me.
02:31It has turned completely red.
02:33It has had the biggest impact on the auto and electronic sectors.
02:37In this, the market is open with a fall of 500 digits.
02:41Nifty is below 136.
02:43The impact is clearly visible on the market.
02:47Experts say that the impact will be visible on the market.
02:53The market will collapse.
02:55But there is no such situation here.
02:57Because of the fall of 500 digits, the market has seen a worse situation.
03:02It is being said that 26% should be seen as a positive sign.
03:07India has not been tariffed as much.
03:10Experts say that it will have an impact on automobiles and electronics.
03:15It will have an impact on Agro and Soyabean.
03:17India sends a lot of Soyabean products to the US.
03:20It will have an impact on all these things.
03:22But there is a positive sign.
03:25India will see a positive sign on the products made in India.
03:33If we talk about the Indian share market,
03:37and if I ask you a question according to the sectors,
03:39where will be the biggest impact?
03:41Will the IT sector have the biggest impact?
03:46Experts say that America has joined the game of reciprocal tax to improve its economy.
03:55But America and the American economy will have to bear the consequences.
04:01The market also indicates that it will have an impact on automobiles and the IT sector.
04:10That's why their shares have fallen badly.
04:13But when the manufacturing of automobiles and other things is sent,
04:21it will have a big impact on imports.
04:24It will also have an impact on Agro products.
04:26India sends a lot of Soyabean products to the US.
04:31It will have an impact on that particular product.
04:33But Pharma has been kept out of tariffs.
04:37Trump will take a decision on this after April 10.
04:40Pharma has no impact on our commercial relationship with the US.
04:47IT and automobiles have the biggest impact.
04:51With the increase in tariffs, India's exports can be reduced by $3.6 billion.
04:56Experts are showing this.
04:59But it is only 0.1% of the GDP.
05:05Looking at the market, experts say that it will not have a big impact on India.
05:11India can invest 52% of its GDP in the US.
05:17But only 26% of its GDP has been invested in India.
05:21The Indian Commerce Ministry is investigating this.
05:25If it has an impact on different sectors, then what strategy should be taken.
05:30But the situation of the market, automobile and all its shares,
05:34it is clear that it has not had a big impact.
05:38Tariffs are 26%.
05:40But it is less than other countries.
05:43But we will have to see what kind of benefits India can get from this.
05:48The market was below 800 in the pre-opening.
05:53But as soon as the market opened, it was close to 500.
05:56There is no hope here.
05:59But the least impact can be on farm and dairy products.
06:06The shares of the pharma sector are in the green.
06:11There is no impact there.
06:14The tariff war is being waged by Trump.
06:20There is hope in the pharma sector in India.
06:24It is not that the US has imposed tariffs only on India.
06:27Trump has also taken big decisions on other countries.
06:32Let's hear about this tariff.
06:34The United States charges other countries only a 2.4 tariff on motorcycles.
06:41Meanwhile, Thailand and others are charging much higher prices,
06:47like 60%. India charges 70%.
06:50Vietnam charges 75%. And others are even higher than that.
06:54I don't blame these other countries at all for this calamity.
06:57I blame former presidents and past leaders who weren't doing their job.
07:01They let it happen. And they let it happen to an extent that nobody can even believe.
07:05That's why effective at midnight, we will impose a 25% tariff on all foreign-made automobiles.
07:15Trump has decided to impose a 26% tariff on India.
07:26What are the sectors that are affected by this?
07:29Apart from the chemical and pharma sectors,
07:32there are other sectors like ceramics, glass, rubber, processed food, sugar, cocoa, dairy products.
07:40All these sectors are being affected.
07:45Electronics and telecoms, gold, silver, jewellery, machinery, computers.
07:51These are the sectors that are affected.
07:55Especially the IT sector is being affected.
08:00Our co-host Namrata is with us.
08:03We will go to Namrata and talk to her.
08:05Let's start with Namrata.
08:07The way the tariff was imposed by Trump,
08:10and how negative it could have been,
08:12the initial figures that are coming out of the market,
08:16let's assume that the market has taken care of itself.
08:19This graph of the market,
08:21it doesn't look like there are any hiccups,
08:25and we hope that the market will be able to handle the situation again.
08:33The tariff that has been imposed,
08:36will be implemented from 9.30 pm on the 3rd of April.
08:39The market is trying to understand the situation in the beginning,
08:43which sectors have been left out,
08:45where will be the biggest impact.
08:47It is important to compare with other countries,
08:50because we are talking about the global market.
08:52The market is trying to understand the situation.
09:00Whenever a tariff is imposed,
09:02the focus is on how much impact it will have on the GDP.
09:06The experts are saying that it will have 1.1% impact on India's GDP.
09:12It won't have such a big impact.
09:15The market is not in a bad state.
09:20The initial figures are less than 500%.
09:23It is also recovering.
09:25In the beginning, the market was in a bad state.
09:28Automobile and IT sectors were completely down.
09:30But as the market is moving forward,
09:33the situation is getting better.
09:35The Indian market is trying to understand the situation.
09:41In Asia, the tariff had a big impact.
09:44In the beginning, the market was down by 4%.
09:47It has an impact on Asia.
09:49But India is not in a bad state.
09:56The market is trying to understand the situation.
09:59The GDP is at 1.1%.
10:02Automobile and seafood sectors will be affected.
10:07The pharma sector has been given 10 April.
10:11The tariff has not been imposed yet.
10:13The market is reacting according to the slow movement.
10:18The market is not in a bad state.