India–U.S. Tariff War: Who Really Benefits? A Neutral Analysis.
India–U.S. Tariff War: Who Really Benefits? A Neutral Analysis The trade partnership between India and the United States —long considered a pillar of global economic stability—has entered one of its toughest phases in decades. With the U.S. recently imposing steep tariffs of up to 50 per cent on Indian goods , tensions are high. India has strongly opposed these measures, calling them “unfair and unjustified” . In this blog, we take a neutral, analytical look at the current situation , the impact on both economies , and most importantly— who stands to gain from this tariff war? Current Situation: What Triggered the Tariffs? The U.S. has linked its tariff escalation to India’s imports of Russian oil , arguing that New Delhi is benefitting unfairly from discounted crude supplies. Indian exports in sectors like textiles, gems and jewellery, pharmaceuticals, and leather goods face the heaviest impact ( Economic Times ). However, the ICRIER (Indian Council for Research on Int...