Source link : https://asia-news.biz/asia/india/india-trumps-tariffs-boycott-american-goods/
New Delhi – The imposition of tariffs by the Trump administration has triggered a wave of backlash in India, with calls emerging from various sectors to boycott American goods. As trade tensions escalate between the two nations, Indian businesses and consumers are reconsidering their reliance on products from the United States. This development marks a significant shift in the economic relationship, highlighting the growing impact of U.S. trade policies on India’s market landscape.
Impact of Trumps Tariffs on Indo American Trade Relations
President Trump’s imposition of tariffs on various imports has sent ripples through Indo-American trade relations, triggering calls within India to boycott American products. Indian consumers and business groups alike perceive these tariffs as a direct affront to India’s economic interests, fueling nationalist sentiments and demands for retaliatory measures. The measures challenge the longstanding trade partnership and have prompted Indian manufacturers to intensify efforts to produce alternatives to U.S.-made goods, promoting domestic industries.
The economic impact is multifaceted, affecting sectors ranging from technology to agriculture. Below is a snapshot of how key industries have been influenced:
| Industry | Effect | Indian Response |
|---|---|---|
| Technology | Increased cost of American components | Push for manufacturing local hardware |
| Agriculture | Reduced U.S. import demand for Indian produce | Exploring new export markets |
| Source. —- 1 – 2 – 3 – 4 – 5 – 6 – 7 – 8 |