Trump's Entry Reshapes Global Trade: India Becomes Western Supply Chain Hub
Economy
C
CNBC Awaaz•03-02-2026, 17:11
Trump's Entry Reshapes Global Trade: India Becomes Western Supply Chain Hub
- •Donald Trump announced a reduction in US tariffs on Indian goods from 25% to 18% via Truth Social, also claiming India would cease Russian oil purchases and buy over $500 billion in US products.
- •The announcement lacked an official press release, leading market experts to analyze the deal based solely on Trump's social media post.
- •Analysts like Terry Haines view this deal as a strong US response to Europe's trade advancements, integrating national security and economic strategy.
- •Farwa Aamer and Arpit Chaturvedi suggest the India-Europe FTA pressured the US to finalize its own trade talks, with the US deal holding significant strategic importance for India's role in Western supply chains.
- •While PM Modi confirmed the 18% tariff on 'Made in India' products, economists like Samiran Chakraborty note ambiguities regarding Russian oil purchases and India's tariff reductions.
Why It Matters: Trump's tariff reduction announcement positions India as a key Western supply chain partner, though details remain unclear.
✦
More like this
Loading more articles...
