Global Trade Landscape Impact By Prashant Bhojwani, Partner, Tax & Regulatory services, BDO India
As you may know, US President Donald Trump's market-hammering 26% tariffs on India came into effect on Wednesday, with the stock market opening in the red amid concerns of a global trade war. Our expert Prashant Bhojwani, Partner, Tax & Regulatory services, BDO India, has shared his inputs on US tariffs. If you are planning a story, please use the shared input below.
Prashant Bhojwani, Partner, Tax & Regulatory Services, BDO India
"The USA Government’s move of imposing country-specific tariffs is a significant development in the context of the global trade landscape. The impact goes beyond tax and may lead to disruption of supply chains, business models, and could potentially pause existing investment and business plans. In the short term, a slowdown in international trade could be likely as rising consumer prices impact demand and consumption patterns. In this context, the businesses would need to reassess and, if necessary, re-invent supply chains and business models to build in cost efficiencies."
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