{
International Chamber of Commerce

Companies

}

India's short-term gains from US tariffs on China may be fleeting

Philippe Varin, Chair of the International Chamber of Commerce, cautioned that while higher tariffs on China by the Trump administration may provide short-term benefits for India, the long-term effects could be detrimental due to potential retaliatory measures impacting global trade. He noted that increased tariffs could lead to domestic inflation and affect both imports and exports. Despite concerns, some believe that the focus on a "China plus one" strategy could ultimately benefit India in the long run.
Moneycontrol
United States Dollar Chinese Yuan International Chamber of Commerce USA Philippe Varin Donald Trump
Finance & Economy, Market Report
07:47 25.11.2024
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