Trump’s tariff war : Signs of relief in Trump’s tariff India will be placed in a separate category, not Canada-Mexico-China
Trump's tariff
Trump’s tariff : India-USA Trade Discussion ~ In the US President Donald Trump’s tariff war, there has been word of respite for India. According to reports, the US has stated that it will maintain India in a distinct tariff category rather than grouping it with China, Mexico, and Canada. … order for India to avoid paying a 25 percent tax like China, Canada, and Mexico do.
Trump’s position on the tariff issue has been observed to fluctuate frequently. Since April 2nd is America’s Liberation Day, he first declared that reciprocal tariffs would be imposed on that day and then alluded to their eventual implementation. However, trade negotiations are in progress to lower tariffs for India. whereby India is probably going to succeed.
India-US commerce is progressing as planned. (Trump’s tariff)
Indian trade officials reportedly stated in Delhi that the United States will not allegedly associate India with China, Canada, or Mexico, according to media sources. Additionally, a new tariff structure will be prepared. Products that are in great demand will see a reduction in tariffs. This has the potential to significantly alleviate some sectors in India. Within three days, the trade negotiations will finalize the new agreement’s outline.
India is prepared to lower tariffs :
Prior to this, the central government had stated that it was prepared to lower tariffs on American goods, such as
1. EVs
2.cars
3.motorcycles
4.wine
5.alcohol as well as certain agricultural items.
Tariffs increased on China :
With the declaration of a tariff war, Trump levied a 10 percent duty on China. It was then raised to 20 percent. He also declared that Canada and Mexico would be subject to 25% tariffs on February 1. The United States declared that it would impose tariffs on these three nations, citing a number of security issues in addition to currency smuggling and illegal immigration.(Trump’s tariff)
With the intention of expanding bilateral trade :
In April 2025, Finance Minister Nirmala Sitharaman is expected to travel to the United States. which offers opportunities to strengthen the two nations’ bilateral trade ties even more. In a meeting with Donald Trump earlier on February 13, Prime Minister Modi set a goal to boost bilateral trade from $200 billion to $500 billion by 2030.
Concerns over Trump’s reciprocal tariff cause rates to climb.
Today’s gold price: As worries about US President Donald Trump’s reciprocal tariffs, which are set to take effect on April 2, grew, gold prices rose in the domestic futures market Thursday morning. Around 1:55 PM, MCX Gold April 4 contracts were up 0.56% at ₹88,130 per 10 grams.
Concerned about the potential for a more intense trade war, Trump declared on Wednesday that he would impose a 25% tariff on auto imports in an effort to increase manufacturing jobs in the United States.
Trump has already declared that the tariffs would take effect on April 2. Investors worry that the broad tariffs could increase inflation and spur rapid economic growth as the April 2 tariff deadline approaches.
“As global trade concerns have increased as a result of US auto tariffs, gold prices have recovered. The global trade battle escalated as US President Donald Trump slapped a 25% tariff on imported cars and light trucks starting next week. The head of research at Augmont, Renisha Chainani, noted that the deadline for retaliatory duties from the greatest economy in the world is April 2.
Gold prices have been higher this year due to increased worries about the economic effects of Trump’s tariffs and a significant trade war. So far in 2025, domestic spot gold prices have increased by 15%.
Experts predict that gold prices will remain high this year, with sporadic profit bookings, because to uncertainties around the effect of the ongoing trade war on global economic development and anticipation of rate cuts by the US Fed.
