Tariffs on Indian Goods: Is Donald Trump's Trade Move Really Making America Rich?

Mumbai (Maharashtra) [India], July 31: US President Donald Trump, in a recent post on Truth Social, claimed that his tariff policies are making "America great and rich again." He said that tariffs were once used against the US, but now the tide had turned. Trump believes the country has countered past trade disadvantages. His post was blaming earlier US leaders for weak and damaging decisions that hurt the economy.

It reads:

"Tariffs are making America GREAT & RICH Again. They were successfully used against the USA for decades and, coupled with really dumb, pathetic, and crooked politicians, we’re having a devastating impact on the future, and even the survival, of our country. Now the tide has completely turned, and America has successfully countered this onslaught of Tariffs used against it. ONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE “HOTTEST”COUNTRY ANYWHERE IN THE WORLD. CONGRATULATIONS TO ALL!"

Heavy Tariffs on Indian Goods Announced

Trump announced a 25% reciprocal tariff on Indian goods and a penalty on purchases made from Russia. It will be effective from August 1. He criticised India for having "the highest tariffs in the world" and what he called "strenuous and obnoxious trade barriers." This sudden move has raised concerns within both the Indian government and trading communities.

Also Read: Trump Slaps 25% Tariff on Indian Imports, Citing Russian Ties; India Promises to Protect Farmers and Trade Interests

Centre Studies Impact, Plans Response

The Indian Ministry of Commerce and Industry responded to it. It said that it is closely analysing the decision and its potential consequences. India and the US have been working toward a fair and balanced trade agreement. The Centre stressed that it remains committed to that process. THey are working to ensure that India's core interests are protected remains a top priority.

Focus on Farmers and MSMEs

In its statement, the Indian government strongly mentioned that it would take all steps needed. Thwy will do everything needed to safeguard the welfare of farmers, small businesses, and local entrepreneurs. With MSMEs forming the backbone of India's economy, this response underlines how vital it is to shield local industries from global trade shocks.

Past Trade with US Had Been Limited

Trump also pointed out that the US had done relatively less business with India in past years, mostly due to high tariffs. His message reflected a sharp turn in tone, suggesting a push for stricter global trade terms. As both countries navigate this trade tension, the spotlight now shifts to how future negotiations will unfold.