Trump Unveils Initial Tariff Plans, Excludes India: US President-elect Donald Trump has broadcast sweeping tariff measures targeting China, Mexico, and Canada, notably without India. Once in office, Trump plans to impose a 25% tariff on imports from Mexico and Canada and an added 10% on Chinese goods until China limits the trafficking of synthetic opioid fentanyl.
In his statement, Trump criticized China for failing to speech fentanyl trafficking, citing the drug crisis as a reason for disciplinary tariffs. He also highlighted Mexico’s role in the issue, tying the future tariffs to drug control and migration policies.
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Although India does not feature in Trump’s initial tariff agenda, concerns persist over possible trade tensions. During his campaign, Trump labeled India a significant trade abuser, hinting at possible renewed tariffs on Indian exports. 2 In 019, India lost duty-free profits under the Generalized System of Preferences (GSP), impacting $5.7 billion in exports.
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Analysts predict that while China’s economy will suffer the most, India’s gains may be incomplete. Rising inflation from trade barriers could disturb economic growth, tempering the benefits of the “China plus one” strategy for expanding supply chains.
According to the Economist Intelligence Unit, India ranks 8th among US trading partners most exposed to policy shifts under Trump’s administration.
