Business

Shifting Sands: The Curious Case of Trump's Fluctuating Tariffs on India

The Mystery Behind the Numbers

When US President Donald Trump presented a chart on reciprocal tariffs in the White House's Rose Garden, it initially indicated a 26% levy for all Indian goods. However, the final executive order showed a 27% tariff in the Annex, only to be adjusted back to 26% the following day.

Trump's tariff on India: 26%, then 27%, now 26%

A Global Pattern Emerges

India was not the only country affected by these adjustments. Among the 57 nations hit with reciprocal tariffs, 17 others saw their numbers revised, each by a single percentage point. The reason behind these changes remains unclear, with no explanations offered by the White House or related departments.

The Impact on India

For most exporters or government officials in India, a one-percentage-point difference may not significantly alter the situation. Yet, the repeated modifications have certainly caught the attention of many, highlighting the unpredictable nature of international trade policies under the current administration.