S&P Claims us tariff increase will have biggest impact on India – Amar Ujala Hindi News Live

February 25, 2025 / Must Read / By Sam

Indo-America.
– Photo: Amar Ujala

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Many economies in the Asia-Pacific region may face high tariffs during the tenure of the Trump administration. It will have the most impact on India. After that this business vengeance can have the greatest impact on South Korea and Thailand. Rating agency S&P Global said on Monday in its report ‘Possibility of impacting Asia-Pacific economies from American trade fee’, “Vietnam, Taiwan, Thailand and South Korea have a relatively high economic risk towards the US. This means that if the fee is imposed then they will have the most economic impact. The economies of India and Japan are domestically oriented, which will reduce the effect of American tariff on them.

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At what level will the US fee comparison, it is not clear

The agency said, some places in the Asia-Pacific region impose more comparatively on US products. Those economies will be investigated for ‘retaliation’ for ‘retaliation’. It is difficult to monitor this, as it is not clear at what level the US will compare the fee. S&P said, the results may vary, which will depend on the level of the applied details. These estimates of effective duty are useful indicators of imposing import duty.

This is not an end, uncertainty is too much

US President Donald Trump said, he will impose retaliation on its business partners including India. The US administration has already implemented an additional 10 per cent tariffs on imports from China and 25 per cent on steel and aluminum. S&P said, this cannot be an end to this. Uncertainty is very high, as the US has shown quite impressive in levying trade charges on partner economies.

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