Group 1 - The U.S. government has imposed a 25% punitive tariff on goods imported from India, effective from August 7, 2023, due to India's import of Russian oil, bringing the total tariff rate on Indian products to 50% [1] - The tariffs are expected to reduce India's economic growth by 0.8 percentage points this year and next year, according to Capital Economics [1] - The Indian government estimates that the U.S. tariffs will impact $48.2 billion worth of Indian exports, with a projected trade volume of $128.8 billion between the U.S. and India in 2024 [1] Group 2 - The Indian engineering export promotion council predicts that exports may decline by 20% to 30% due to the new tariffs, as U.S. customers have stopped placing new orders [1] - In response to the tariffs, the Indian government plans to provide financial assistance to affected businesses and promote exports to nearly 50 countries, focusing on textiles, food processing, leather goods, and seafood [1] - The Indian government is seeking free trade agreements with major economies to diversify export markets [2] Group 3 - The Reserve Bank of India is prepared to protect the economy from the impact of high U.S. tariffs, with potential actions to increase credit and liquidity [2] - Indian Prime Minister Modi has emphasized the government's commitment to safeguarding the interests of small businesses, farmers, and livestock owners amid the tariff pressures [2] - The next round of U.S.-India trade negotiations has been postponed due to the cancellation of a U.S. trade delegation's visit to India [2]
综述|美对印惩罚性关税生效 印度多举措应对冲击
Xin Hua She·2025-08-27 09:37