India’s Trump’s Tariff Plan has no lever

This report is from CNBC’s “India” newsletter, which is in a timely, deep news and market description to large enterprises behind the advanced powerful news and meteoric rise. You can subscribe here.

The import of goods with US account will put tariffs 56.1% of the total exports of Indiaservices have not been targeted so far. Some of the greatest companies in India Tcs and InfosysIt is unlikely to be directly affected by tariffs and only the majority of the majority of customers may be exposed to the profit, in the event of global economic slowdown.

According to the US Ministry of Commerce and Industry, US financing and industry information, according to the US Department of Commerce and Industry, in 2023-2024, US exports are significantly diversified.

“India is very different from the company of trade.” The US Department has not been financed almost completely, and is focused on trading in services where the United States has already survated. “

“If this narrative starts drawing, we must accept that the vast majority of the United States of India exports are these services,” Sullivan said. “These shares have a significant hit due to the lack of corporate expenses that will be the risk of recession in the United States and then the IT services will hit the ball line.”

Although some powerful parties in India are, the task facing Indian negotiations is likely to make more difficult by opponents looking at a worse scenario.

China is now encountered by 125% (during this keystroke), while Vietnam faced 46% mutual ‘import duties, the United States has been faced with importmentary duties.

Their economic sensitivity, as an export of the United States, caused the reactions because it was a large part of GDP. Although China has decided to respond with countermeasures, Vietnam has offered to delete all tariffs, offered to open a free trade agreement potently

“Only LAM, Secretary General of the Vietnamese Communist Party, if Vietnam can agree in the United States, Social Media Websites are social and X Immediately after submitting the tariff program.

On Wednesday, Treasury Secretary Scott Bessent, who led the trade talks, revealed that he met with trade talks in Vietnam that day.

Vietnamese, tariffs, tariffs for tariffs related to agricultural and energy imports from the United States, promised to receive aerospace and security products from the United States, promising to buy aerospace and security products from the United States

The point is that Vietnam is throwing a kitchen sink in the issue of tariffs and is eager for free trade. However, the action can also comply with other nations to compete by offering the US more affordable trading conditions.

Shortly, while Apple The United States can replace the steep tariffs on China, which we plan to send the IN-Indian iPhone to the United States, and Cupertino managers can be a better bet than India if there are zero tariffs in Vietnam.

It would be natural to think that 26% of India will be better than about 125% of tariffs on China, the tariffs in Vietnam would be better. And this school of thinking will not be limited to California.

Japanese electronics manufacturer SourcenExt Corp This week, it was impossible to export a new factory in Vietnam, to export the current facility in China to the United States

At first glance, all of this may endanger India’s relatively favorable position

“Although the India wants to have its own solution, this (US Vietnamese Deal) will undoubtedly affect the United States (negotiations),” A director in Aubrey Capital, Aubrey, in India, “he said. “And remember that this is always forgiving those who have previously been to the charm. For longer, hangers make her cry.”

Aubrey’s Global Development Markets Fund There are 30% separation for China for China and India.

From a race to the tariffs to the tariffs until the tariffs, Martyrossian, Merchandise’s exports in talks with the United States, which are in a small ratio of India, believe that India is negotiating with the United States. Indian trade talks in the United States are unlikely to have a mandate to make a large compromise similar to Vietnam.

Others agree.

“The situation in the tariffs is still developing, but India is less than the export exports, and therefore, there may be certain comfort in using the ending position,” he said. “Most sectors in India, IT services and pharmaceutical exceptions are less than 10% of revenues from the United States.”

“India will not compromise for certain areas such as agriculture and therefore better the bargain.”

“My own meaning will test India’s negative trade balance and instead, instead, more imported in areas such as oil / defense, etc.

Narcoin will even see “limited impact” of “limited impact” tariffs for the “limited impact” tariffs in the short term, because the supply chains cannot be easily changed.

“I think that companies will take a long-term, structural approach to risk supply chains. India has the advantage of not accepting it as a reroute in China,” Narain added.

The market for investors in India’s shares is less forgiving. In addition to the rocking markets of tariff turbulence, the shares in India are still considered very expensive due to high assessments.

“Earnings are still needed to reset the reset,” he said. “We believe that the worst is standing and we can see the flow in the coming months.”

Suresh also suggested that investors do not hide in the present turbulence by investing in local stock exporters instead of extensive caps. Macquarie told analytics that Telekom intended Bharti AirtelOil and gas company Sorrowand Ultratech cement until the dust is settled.

Indian Reserve Bank reduces rates. On Wednesday, the Central Bank of India Cut the policy speed up to 25 main points 6%Since September 2022, the growth refers to the fifth largest economy of the world. Price cut was appropriate to the expectations of analysts questioned by Reuters. RBI also reduces the growth expectations for the fiscal year to 6.7% to 6.5%.

‘Optimistic’ forecast by RBI. Mridul Saggar, Indian Business School Economic School and Old RBI Executive Director, said that the country Growth this year can be about 6% and RBI called the projection “optimistic”.

This The Indian government expects to meet the growth target. In spite of the breaks caused by Trumptoward Tariffs are likely to hit India Expansion of predicted gross domestic product 6.3% -6.8% – A figure from the economic survey of the Indian government for the next fiscal year, a figure 2025-26, Anonymous Finance Ministry official, told Monday.

Tariffs can be intensified in European Union cars. According to Reuters, the Indian Prime Minister Narendra Modi government intends to reduce it EU car tariffs import from 100% to 10% in stages. At the same time, local cars want tariffs for 30% level tariffs and electric vehicle duties can be changed in 110%.

Indian shares fell by twisting the trend in Asia’s shares on Thursday. This Oily 50 The index fell by 0.6% by focusing 2.2% losses this week. This year index decreased 5.3%.

The assessment fell to 6.43% of the 10-year-old Indian government’s bonds, up to 3 to 3 to 3 to 3.

This week, HSBC President Pranjul Bhandari, President of the HSBC President, Trump estimated that 26% of India could have tariffs Pouring 0.5 percentage points from the economic growth of the country. Global trade samples, for example, China can export more goods to India in India. “Right or indirectness will need the help in the sense,” Bhandar, Bhandari, in the next quarter.

Meanwhile, Sonal Varma, Nomura Chief Economist for India and Asia said that the old Japan two factors It is attractive to prepare portfolio and direct investments in India. First, the degree of tariffs between India and China will be “meaning” to direct the production of multinational companies in favor of India, which is the degree of tariffs. Second, India is a strategic US ally and works with long-term trading plans with the world’s largest economy.