TRUMP'S TARIFFS WILL HURT FARMERS AND INDUSTRIES, AS THE US RECIPROCAL TARIFFS PLAN BREAKS WTO MFN RULES.

Higher US tariffs will raise costs for American consumers, if they lead to more dollar inflows, inflation could rise, forcing US to hike interest rates. This may trigger capital flight to US treasury, disrupting global industries and the stock markets. The American president Trump imposed high tariffs on the Chinese product, yet its trade deficit increased during 2017 to 2023 , while Chinese increasing their exports and other countries as well as India too must consider similar approach, to follow global marketing business corridor in the present circumstance of the cut losses. Reciprocal tariffs could also hurt global trade instead of boosting US manufacturing and jobs for the current situation. As such and though this approach violates WTO rules and could force India to make difficult concessions, such as reducing agriculture subsidies, weakening patent protections and opening government procurement to US firms. Discussion about the ongoing responsible system for reciprocal tariffs on Indian goods, India may not be so badly hit by this increase , however if Indian goods face the higher duties then there will be some impact and the buyers may not be willing to adjust or share the burden, however there are some buyers who are willing to share the higher burden, Many US buyers and the Indian suppliers have already reached mutual agreements to share any tariffs impact, reinforcing strong trade partnership and ensuring seamless supply chains with all seriousness, which would deeply concern with the adverse effects of the Trump's tariffs hurting the farmers and the Industries, for rescue discharge and to cut losses India should follow concession on the captioned subject of escape from the deadline and continue with the guidelines of the WTO MFN rules, as is less harmful than negotiating a full FTA, which could force India to make difficult concessions and for which India is not prepared to accept.