Last week, India’s Commerce Minister Piyush Goyal made an unscheduled trip to the US for discussions with officials, hoping to strike a trade deal. After that, Trump announced that he was going to impose tariffs on India. This was in retaliation towards India after they imposed tariffs on American goods. Trumps tariffs on India might make it hard for many people in America in regard to their medical bills. This is because a lot of medicinal drugs come from India. Also, without a trade deal, Trump’s tariffs could make some Indian generics unviable, forcing companies to exit part of the market and exacerbating existing drug shortages, experts say. They also say that tariffs could worsen the demand-supply imbalance and many people will be affected by this. This would not hurt both the US and India according to this article.
I think imposing tariffs will make it hard on anyone because of the big change that it entails. Trump said he was going to impose these tariffs in retaliation to India imposing tariffs on them, which makes sense. But I feel like based on this article, this will hurt America if he goes through with those tariffs. He could be only saying that to threaten them or insert dominance over them, but I feel like since a bunch of our medicine comes from there, he should think about the effects it will have over everyday Americans and medical bills.
India might back down on their tariffs on American goods after this, because they will be impacting greatly if Trump goes through with it. India will probably try to make another trade deal because these tariffs aren’t going to help them, and America has a lot of power. Trump will also have to decide if these tariffs will do more good than bad or vice versa.
Tariffs are taxes on imported goods that have been imposed by a government. These have a lot of influence on trade and relationships between countries. The US has in a trade war, and these tensions could lead to something similar between the US and India. Tariffs threaten the freedom of free trade, which can also lead to debates about balance.