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Will Trump’s Tariffs Derail India’s Economy?

Photo by Mandel Ngan/AFP via Getty Images

By Shashi Tharoor - Project Syndicate | Mar 17, 2025

The US administration’s plan to impose “reciprocal” import tariffs could severely curtail key Indian exports, including chemicals, metals, auto parts, and pharmaceuticals, leading to job losses and undermining fiscal stability. India has little choice but to lower its own tariffs while negotiating improved access to the US market.

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