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Ali1234
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Ali1234Researcher
In: India

Could Trump's new global taxes be a new opportunity for 'tariff king' India?

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Could Trump's new global taxes be a new opportunity for 'tariff king' India?
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    1. Ali1234 Researcher
      2025-08-05T23:25:27-07:00Added an answer on August 5, 2025 at 11:25 pm

      Hereโ€™s a clearer picture of what Trumpโ€™s new global tax and tariff strategy meansโ€”and whether India, often branded โ€œtariff king,โ€ might actually stand to gain. ๐Ÿงพ Trump's Global Tax Moves & Tariff Strategy Withdrawal from OECD global minimum tax (Pillar Two) Trump has effectively removed the U.S.Read more

      Hereโ€™s a clearer picture of what Trumpโ€™s new global tax and tariff strategy meansโ€”and whether India, often branded โ€œtariff king,โ€ might actually stand to gain.


      ๐Ÿงพ Trumpโ€™s Global Tax Moves & Tariff Strategy

      1. Withdrawal from OECD global minimum tax (Pillar Two)
        Trump has effectively removed the U.S. from implementing the OECD/G20 global minimum corporate tax framework. India had not yet adopted those rules, so the withdrawal has limited direct impact on Indiaโ€™s tax revenues or policiesโ€ฏ(Business Standard, Wikipedia).
      2. Use of reciprocal tariffs under Section 891
        Trump may invoke Section 891 of the U.S. tax code to impose โ€œreciprocal taxesโ€ on countries with discriminatory or extraterritorial taxes affecting U.S. firms. Indiaโ€™s Equalisation Levy (digital services tax) could make it a targetโ€ฏ(Reddit).
      3. Expansion of punitive tariffs
        The U.S. has slapped 25% tariffs on Indian imports, citing issues from purchases of Russian oil to trade practices. These measure look less economic and more politicalโ€”targeting allies like India for domestic signalingโ€ฏ(Financial Times).

      ๐Ÿ‡ฎ๐Ÿ‡ณ Does this open an opportunity for India?

      โœ… Strategic advantages โ€” not paradoxical gains

      Area Indiaโ€™s Opportunity
      Export diversification Diversifying away from U.S. dependency toward EU, ASEAN, Gulf markets via FTAs and new trade routesโ€ฏ(finsindia.org).
      Manufacturing expansion โ€œChina-plus-oneโ€ supply arbitrage: Indian manufacturers, especially in textiles, pharma, electronics, are attracting global buyers hit by high tariffs on other Asian exportersโ€ฏ(timesofindia.indiatimes.com, wsj.com).
      Policy reform catalyst Analysts argue that U.S. pressure might push India toward historic reform moments, like in 1991โ€”lowering tariffs and improving competitivenessโ€ฏ(Reddit, outlookbusiness.com).

      โš ๏ธ Risks remain significant

      • Analysts estimate up to 87% of Indiaโ€™s exports to the U.S. could be impacted by tariffs, affecting major sectors like gems, textiles, electronics, pharmaโ€ฏ(Wikipedia).
      • While Indiaโ€™s average applied tariffs (12%โ€“16%) are high compared to the U.S. (~2โ€“3%), U.S. bound tariffs on select goods can exceed 350%, complicating any moral high ground on trade opennessโ€ฏ(indiatoday.in).
      • India still faces pressure to liberalise agricultureโ€”which is politically sensitive and domestically contentiousโ€ฏ(The Washington Post, moneycontrol.com).

      ๐Ÿ” Bottom Line

      India could turn Trumpโ€™s trade turbulence into opportunity, but only if it pursues bold reformsโ€”reducing import barriers, boosting domestic competitiveness, expanding export markets beyond the U.S., and accelerating manufacturing reforms.

      Trumpโ€™s exit from the global tax deal doesnโ€™t directly benefit India, but his tariff threatsโ€”if they force India to shift policiesโ€”might. Whether that amounts to India benefiting as โ€œtariff kingโ€ remains debatable: the real upside lies in India transforming those pressures into global supply-chain and policy momentum.

      Let me know if youโ€™d like deep dives into specific sectors (textiles, pharma, digital services) or potential trade frameworks India could tap into.

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    2. Ali1234 Researcher
      2025-08-05T23:27:37-07:00Added an answer on August 5, 2025 at 11:27 pm

      These tariffs are being seen as Trump's bargaining chip in trade talks with India.

      These tariffs are being seen as Trump's bargaining chip in trade talks with India.
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