https://www.taxtmi.com/news?id=39655 Imposition of reciprocal tariffs by the United States raises import duties, increasing US consumer prices and reducing demand for imports, which in turn can slow growth in exporting countries. Broad application of these duties limits substitution toward non tariffed suppliers, lessening but not removing the impact. For India, effects are expected to be smaller and potentially disinflationary as exports fall and domestic supply increases; recommended responses include lowering domestic tariffs and pursuing diversified regional trade engagement to mitigate protectionist fragmentation. en-us Thu, 03 Apr 2025 19:16:03 +0530 Thu, 03 Apr 2025 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39655 Imposition of reciprocal tariffs by the United States raises import duties, increasing US consumer prices and reducing demand for imports, which in turn can slow growth in exporting countries. Broad application of these duties limits substitution toward non tariffed suppliers, lessening but not removing the impact. For India, effects are expected to be smaller and potentially disinflationary as exports fall and domestic supply increases; recommended responses include lowering domestic tariffs and pursuing diversified regional trade engagement to mitigate protectionist fragmentation. News - Thu, 03 Apr 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=39655