Odias in US express concern over 25% tariffs on India
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Calling the move short-sighted, they fear it could fuel inflation in the US, hurt bilateral trade, and strain ties between the two nations at a time when global cooperation is critical.
"The tariffs remind me of Kalidasa's branch-cutting metaphor. Experts feel it will harm the US more than India," said Debashis Sahoo, associate professor of computer science, engineering and paediatrics at the University of California, San Diego.
Tariffs can lead to inflation by increasing the cost of imported goods and raw materials. When businesses face higher input costs due to tariffs, they often pass these on to consumers in the form of higher prices.
"The prices of clothes, diamonds, and pharmaceuticals imported from India will increase, and consumers will end up paying more. However, the final effect still needs to be studied," said Akshaya Mohanty, a businessman from Rhode Island.
Sanjay Dalai, an IT professional, said, "The tariffs will hurt US companies sourcing intermediate goods from India, such as automobile parts and IT hardware. Indian exporters will also suffer, particularly in sectors like steel, aluminium, engineering goods, textiles, and automobile parts."
Dalai said that the move could adversely affect US-India relations, especially at a time when cooperation is crucial in technology, defence and critical minerals.
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Sahoo said that if India imposes retaliatory tariffs, it could further harm US exporters by restricting access to key markets. "Together, these effects could weaken America's economic competitiveness and slow down growth," said Sahoo. He added that the resulting price hike is likely to fuel inflation and reduce consumer spending.
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