Tradeindia Exim Newsletter | 10 April 2025
10, April 2025
US trade tariffs - a pause and an advantage for India

After a week of economic turmoil and widespread instability, better sense has finally prevailed with the US President deciding to pause the sweeping reciprocal tariffs for 90 days for all countries, except China.

What concerns me more is how these moves by the US impact countries like ours. Reciprocal tariffs of 26% have been announced on Indian imports. I admire how our government is handling the situation. It has not reacted with emotion, but with maturity. New Delhi has chosen a path of strategic restraint, watching carefully instead of jumping into a trade skirmish that doesn’t serve our long-term interests.

My only concern is that Washington doesn’t mistake our cautious approach for weakness. That would not go well for the US either. We cannot afford to be pushed around. Not by tariffs, not by threats.

I remember very well during the peak of the COVID-19 pandemic, the US withheld raw materials for N95 masks. But instead of pleading with them, we began manufacturing them ourselves. That’s the kind of resolve we need now — self-reliance backed by action.

I strongly believe this is the time for India to double down on its Make in India push and reduce dependence on both the US and China. We are no longer just a growing economy and rather a global force with ambition, talent, and leverage.

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