A recent analysis by Jefferies reveals the rationale behind the 50% tariff levied by the US on India. The report indicates that President Trump’s imposition of the tariff was a result of India’s rejection of his offer to mediate between India and Pakistan. The US President was keen on playing a role in resolving the disputes between the two countries. The report states that Trump’s action was a response to India’s stance, which viewed the issue as bilateral. The report also suggests that this decision was influenced by the anger resulting from being excluded from the mediation process. The report underscores the potential economic costs associated with the tariffs, a move that reportedly hindered Trump’s opportunity to boost his international standing and potentially gain recognition. Additionally, the report highlights the agricultural sector as a continuing point of contention, with the Indian government reluctant to open it to imports because of the impact on the large number of farmers and laborers dependent on the sector.
Jefferies Report Links Trump’s India Tariff to Rejected Mediation Efforts
By The Chhattisgarh1 Min Read