US Vice President JD Vance arrived in India amid the turmoil of US President Donald Trump. Vance is on a four -day visit to India with his family. His wife Ushha Vance is of Indian origin. JD Vance will meet Prime Minister Narendra Modi tonight. During this time, issues such as tariff and bilateral trade are likely to be discussed. India has a golden opportunity, Donald Trump imposed 26% on India. However, they suspended 90 days of rates on all countries except China. If Trump maintains his attitude even after 90 days, many areas of India may suffer direct damage. It also contains pharmaceutical and car. In such a situation, this visit from JD Vance is very important. India will be open to America. It is believed that the tariff controversy can be resolved at the meeting of the US Vice President’s Prime Minister Modi. Bilateral trade dialogue is also likely to be discussed at the meeting between Premier Modi and JD Vance. The visit of the US Vice President is considered important to complete the first phase of the Indo-American trade agreement. The two countries want to increase the bilateral trade by $ 500 billion by 2030. Donald Trump expressed concern about the trade deficit with India. In addition, he also expressed his dissatisfaction with excessive rates imposed by India on US products. In light of this, JD Vance’s visit to India is important to find a solution to these issues. The emphasis on increasing military sales, officials say that the meeting can discuss the proposed bilateral trade agreement, tariff dispute and the promotion of relations between the two countries. It is also believed that Vance could put pressure on India to buy US defense equipment. In February, Donald Trump India offered the F-35 stealth fighter aircraft and said we would increase India’s military sales by a few billion dollars from this year. JD Vance can speak in this regard. Experts say the JD Vance came to India with the message of Donald Trump about these areas. So if there is a consensus between the two countries on this issue, it will be a big win for India. Donald Trump gave only 90 days relief on rates, not permanent restrictions. Therefore, India will have to find a middle route in the same period. Many areas in India can be directly affected by increased rates, the following prominent. It is estimated that the release of the release of electronic year 2024 for India’s electronic exports has up to about $ 11.1 billion. Electronics accounts for 14% of India’s total exports to the US. India’s electronics are a large part of cell phones in exports. Experts believe that the increase in tariff companies such as Apple is forcing to reconsider their production strategy in India, which would not be a good sign for the industry in India. Gems and jewelry are a world leader in Bharat gearna and jewelry. America’s stake in India’s total $ 33 billion export in this category is 30%, that is, $ 9.9 billion. This includes chopped and polished diamonds, gold jewelry and diamonds in the laboratory. MK Global says that heavy US rates in the region can be very high. In such a situation, Indian manufacturers can form their base in countries such as Singapore, United Arab Emirates or Oman, where US rates will be lower than Indian products. In addition, the reduction in exports can also affect jobs in this sector. With the pharmaceutical pharmaceutical region, India supplies 47% of the generic medicine to the US and is an important partner in the US healthcare system. India’s generic medicine is cheap, which is a good demand in America. But increasing rates can make the drug even more expensive, which can weaken its grip on the US market. Although India does not export cars directly to the US, it has a good interest in the US auto parts market. In FY 2024, the US will share 27% in India’s total export of auto parts. Various types of products, including engine parts, transmission components and electrical systems, go from India to America. In such a situation, India will surely be affected by Trump’s tariff card. Gold BLW bodies, which receive their revenue from 66% from the US and Europe, can push the margin. Experts believe the supply chain can be influenced by the engine, transmission, tariff on the power strip. However, he also said that the export base of India is diverse, which will benefit him. America also has a great stake in the export of textile and clothing of India. India’s exports to the US in FY 2024 were $ 9.6 billion, which is 28% of the total exports of the industry. Experts believe the region is facing competition from Bangladesh and Vietnam. If the tariff increases, Indian products will become more expensive and Bangladesh and Vietnam can benefit. MK Global says that the implementation of mutual rates can affect the region.
Will the US Vice President JD Vance find a middle road on the tariff? Know here the full math of this visit of the US Vice President
