即将生效！关税，重大变数！印度，突然决定

Core Viewpoint - The outlook for US-India tariff negotiations is pessimistic, with the US set to impose significant additional tariffs on Indian goods, and India's firm stance on protecting its interests amidst ongoing trade talks [1][2][3]. Group 1: Tariff Imposition and Trade Negotiations - The US will impose an additional 25% tariff on Indian imports starting August 27, leading to a total tariff rate of 50% on Indian goods [2][3]. - India's Foreign Minister has stated that trade negotiations with the US are ongoing, but India will defend its bottom lines, particularly concerning the interests of farmers and small businesses [2][3]. - The cancellation of the US trade delegation's visit to India has diminished hopes for a reduction or postponement of the tariffs [1][3]. Group 2: Economic Impact and Market Reactions - A survey by Bank of America indicated that approximately 30% of fund managers have recently reduced their holdings in Indian stocks, reflecting a decline in market confidence [1]. - Analysts warn that if tariffs are fully implemented, India's economic growth could decline by 0.8 percentage points this year and next, with long-term implications for India's attractiveness as a global manufacturing hub [3]. Group 3: India's Response and Tax Reforms - In response to the tariff pressures, India's Prime Minister announced a reduction in the Goods and Services Tax (GST) on daily consumer goods to stimulate domestic demand [4][5]. - The proposed GST reform aims to simplify the tax structure, reducing the number of tax brackets and lowering rates on various consumer goods, which could lead to a tax revenue reduction of $13 to $17 billion but is expected to significantly boost consumption [5]. - The Indian government is committed to macroeconomic stability and aims to maintain a fiscal deficit around 4.4% of GDP while pursuing reforms to enhance productivity and economic growth [4].