The global impact of trump 2.0 tariffs, with a special focus on India
By: Srivastava, Archana Mathur, Somesh and De, Prabir
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Material type: 
BookPublisher: Economic and Political Weekly Description: 60(43), 25 Oct- Nov 1, 2025: p.62- 72.
In:
Economic and Political WeeklySummary: A computable general equilibrium model based on GTAP 11 database is used to assess the potential global impacts of the Trump 2.0 tariff regime. The paper simulates a series of unilateral United States tariff hikes on China (60%), Mexico and Canada (25%), India, Western Europe, and BRICS nations (20%). The general equilibrium results show nominal GDP growth and welfare gains for the US at the expense of its leading partners, especially Canada, Mexico, and China. If retaliatory tariffs are imposed, some countries (India, Brazil, Russia, South Africa, and Western Europe) can partially mitigate losses or gain modestly. The US–India trade deal could offer mutual benefits and partially offset losses. Ultimately, the paper highlights the beggar-thy-neighbour nature of protectionism and underscores the importance of multilateral, rule-based trade systems.- Reproduced
https://www.epw.in/journal/special-articles/global-impact-trump-20-tariffs-special-focus-india.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 60(43), 25 Oct- Nov 1, 2025: p.62- 72 | Available | AR137647 |
A computable general equilibrium model based on GTAP 11 database is used to assess the potential global impacts of the Trump 2.0 tariff regime. The paper simulates a series of unilateral United States tariff hikes on China (60%), Mexico and Canada (25%), India, Western Europe, and BRICS nations (20%). The general equilibrium results show nominal GDP growth and welfare gains for the US at the expense of its leading partners, especially Canada, Mexico, and China. If retaliatory tariffs are imposed, some countries (India, Brazil, Russia, South Africa, and Western Europe) can partially mitigate losses or gain modestly. The US–India trade deal could offer mutual benefits and partially offset losses. Ultimately, the paper highlights the beggar-thy-neighbour nature of protectionism and underscores the importance of multilateral, rule-based trade systems.- Reproduced
https://www.epw.in/journal/special-articles/global-impact-trump-20-tariffs-special-focus-india.html
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