A Deep DiveIn the ever-evolving landscape of global trade, tariffs often serve as a double-edged sword, wielded to protect domestic industries but capable of inflicting unforeseen damage on both the imposer and the target. One such instance that has recently captured attention is the imposition of a 50% tariff on India by former U.S. President Donald Trump . This bold move, rooted in Trump’s “America First” policy, aimed to address trade imbalances and protect American jobs. However, beyond the surface-level economic shifts, this tariff reveals unique and hidden consequences that deserve a closer look. In this blog post, we’ll explore the causes behind this tariff, its immediate impacts, and the less obvious, long-term ramifications for both nations and the global economy. Understanding Tariffs: The Basics Before diving into the details, let’s clarify what tariffs are. A tariff is a tax imposed on imported goods, designed to make foreign products more expensive and encourage co...
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