THE NEW "RECIPROCAL TARIFF POLICY" ANNOUNCED BY USA : WORKING WITH THE "NEGOTIATION FRAME-WORK" IS GOING TO BE THE KEY -SHOULD NOT WORRY INDIA

THE NEW "RECIPROCAL TARIFF POLICY" ANNOUNCED BY USA : WORKING WITH THE "NEGOTIATION FRAME-WORK" IS GOING TO BE THE KEY -SHOULD NOT WORRY INDIA


Dear Readers,

The announcement of the "Reciprocal Tariff Policy" by USA yesterday on 13-Feb-2025, should not worry India.

Right now the India-USA trade has the following key or principal components:
a)      USA has a trade deficit of Approx USD 40 Billion per year against India
b)      USA's average Import Tariff on Indian Goods is 3%
c)      India's average Import Tariff on USA Goods is 9.5%

d)      USA's imports from India constitute mainly Basic Goods ... Foods, Pharma, Textile and Clothing, Personal Accessories and Utility Goods, and Other Goods of Primary Nature as Components, Ingredients, Chemicals and Raw Material Nature, Service Products like Software and Software Services.

e)     India's imports from USA constitute mainly High-Tech Products, Defence Goods and High-Tech Services.

The Disadvantage that USA can see on the trade front with India, is just 6.5% which if quantified approximately looks like this:

i)     USA is giving softer deal of 6.5% on about USD 90 Billion Imports from India now ...... USD 6 Billion(Tariff or Revenue) to USA Consumption ...that goes to mostly for Household Grocery for USA Consumers.

ii)     India is giving a bit of harder deal (that USA sees so) of 6.5% on about USD 50 Billion Imports from USA now..... USD 3 Billion(Tariff or Revenue) to Indian Consumption .... that goes to mostly for National or Industrial Consumption.

This is not a very Big gap, and also the composition of the Trade, Targeted Destination of Consumption and the International-Relationship between the two Nations, India and USA hold the key, that is why the Administration of Hon'ble President Trump, who have a good outlook towards India, has taken a softer stand on India. They need a bit of better access of USA Goods/Services to Indian Market, it is understood. Moreover, USA may not like to be harsh to its own household consumption; it is also prudency to be taken into account. At the same time, India can afford to soften the deal for Imports from USA as it is primarily the National Consumption and Industrial consumption involved. I believe it will get resolved easily with little bit of efforts from both sides.

Under a Negotiation Frame-Work to be put in place, that has been discussed yesterday (13-Feb-2025) between the Hon'ble Prime Minister of India Shri Narendra Modi Ji, and the Hon'ble President of USA Mr. Donald Trump, at White House yesterday it can be easily resolved to the advantages of both India and USA. 

Further, as the present USA Administration (President Trump Administration) is taking a Friendly outlook and stand towards Russia as it is being seen from the early days of its office, while Russia is also India's long time strategic friendship, it is a Friend-of-Friend approach now, that will work.

As the Times of India reported citing below, it is going to be synergy of  MAGA (Make America Great Again) + MIGA (Make India Great Again), a MEGA Partnership to be looked forward to. It can work for India's National Interest.

'MAGA+MIGA = MEGA Partnership' : Key takeaways from PM Modi's US Visit

https://timesofindia.indiatimes.com/india/miga-maga-mega-partnership-key-takeaways-from-pm-modis-us-visit-donald-trump-tariffs-f-35-jets-26/11-accused-extradition-brics-illegal-immigration-india-china-energy/articleshow/118230540.cms

Best regards,
Dr. Nimain Charan Biswal,
Mumbai, India 


About the Author : Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 38+ years of work experience in Social, both industrial and Development sectors in diversified fields of Social Importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in Social, industrial sectors, management in Agriculture and Dairy, Development Management to management of public systems. He is a prominent professional of India and known Internationally as well. He is also a Political Strategist. He lives at Mumbai in India.

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