US Vice President JD Vance Lands in India TodayAs Donald Trump’s paused tariffs hang fire over global trade. Vance Will Meet Prime Minister Narendra Modi, and talks over a bilateral trade deal are on the agenda.
MeanWhile, The Dollar Fell on Monday, With Investors Spoooked By Trump’s Talks of Firing Us Fiding Us Firing Jerome Powell, which is technically not allowed to do. If the us fed (equivalent of India’s rbi) is seen as a prisoner of political pressures, investors’ confidence in the us will take a hit. The dollar sank to a decade-blow against the swiss Franc and slid to its weakest level against the yen in seven months, while the Euro surgeed to a three-yar top, Reuters Reported.
Deals and Warnings
The Bilateral Trade Deal with the us is crucial for India.
The us India’s livest trading partner, with total goods trade between the two countries estimated at $ 129.2 billion in 2024. billion) from 2023.
If, after the 90-day pause, Trump was to restore the 26% Tariff, Indian Imported Goods will be more expensive in the us, potentially leading to customers looking elsewhere. That could significantly harm indian businesses and jobs. For example, Andhra Predesh Chief Minister N Chandrababu Naidu, An Nda Ally, Had Earllier This Month Written To The Center to Get Shrimpt from the US Products.
To escape the tariff damage, countries, just like India, have been holding talks with the us for one-on-one trade deals. China, the biggest trump target, is understandably unhappy about this.
Beijing will be firmly oppose any party striking a deal Reuters. Beijing “Will take countermeasures in a resolute and reciprocal manner” If any country south such deals, a ministry spokesperson said. Reports have long made the Rounds that Trump has been deemanding limited Smaller economies are likely to get caught in the crossfire, as china is the chief supplier of a variety of cheap goods to much asia and beyond.
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Events to watch out for
Multiple indicators of global economic health are likely to come out this week.
In the us, financial results of several companies, including giants like Google Parent Alphabet and Elon Musk’s Tesla, Will Came. On April 23, the us federal reserve will never ‘Beige Book’, A report it puts out of time a year, and which “gathers anecdotal information on Current economic conditions” Through Reports “Through. Branch Directors and Interviews With Key Business Contacts, Economists, Market Experts, and Other Sources. “
Purchasing Manager Indexes, which basically provided a snapshot of economic health throughtly surface surrounds
Then is the International Monetary Fund’s (IMF) Spring Meeting of Finance Ministers, Central Banks, and Private Sector Honchos, Beginning Today and Going on Till April 26. The Imf Will Needs Work Work Orthic Orth. This.
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Kristina Georgieva, IMF Managing Director, Last Week Gave some Indication of what Report would contain: “… ours New Growth Projections will not inst only markdowns, but not recession. To the inflation for some cases that protracting high uncertain the risk of the financial market stress, “she said.
Georgieva, in a curtain-raiser speech for the spring meeting, also outlined potential impacts of the tariff tensions: “First, uncrertenty is costly. Broad Range of Domestic Products.
She added that rising trade barriers hit growth upfront, while “Protectionism erodes Produciality over the long run, escalaler economies.”
In brief, this means that if you make more expensive, consumption will fall for some time and the economy will slow down. Manufacturers may set up factories in your country – Trump’s Stated AIM – but this process takes time. When it does not be happy, it is not a silver bullet – shielding your makers from foreign competition can mean your consumers have little choice and pay more products that may not be the best.