Nilch Shah, a medical doctorate in the management of Cotak Mahindra, commented on US President Donald Trump’s announcement of the mutual tariff for India, China and several other countries. Shah took this announcement, Shah said that strong countries could do whatever they want.
He even quoted Saint -Tolsidas, the origin of Ramchaitmanas, to prove his point of view. Samareth Ko Nahi Dosh Josan means that people in power or those who are strong often do not get their actions, even if they make mistakes while weaker individuals face criticism even for simple actions.
“President Trump has proven what Saint -Tolsidas wrote centuries ago.
Shah said that developed countries may be calculated even definitions as a deficit with the United States divided and moved on exports to the United States. “We will soon see a case study to justify this definition of the novel,” he said.
Besides, the market expert also emphasized that the world will respond to American definitions by weakening the currency, negotiating with the United States under Clause 4 of the order to alleviate their concerns, counter -pressure, and even pressure inside the United States to challenge this in the courts.
Impact on India and its peers
He said to India, and he said that the country had hit much less than most of its peers. The United States imposed 27 percent of the customs exchanged customs on India compared to 29 percent on Pakistan, 37 percent in Bangladesh, 36 percent in Thailand, 32 percent on Taiwan, 44 percent on Sri Lanka, and 44 percent on Myanmar.
“India has been exposed to less than most of its peers. It is up to us how to manage the situation. We can bring shoes and clothes from their Asian peers if we collect our work together,” he said. He also stated that India should be proactive about throwing Chinese goods on the Indian market.
“We must be proactive in the Chinese dumping. We must negotiate hard with China to create a profitable position for both sides instead of the usual loss.”
Impact on the American economy and markets
Moreover, Shah expected that the high collective tariffs in 2025 will not have the desired results of the US economy and markets.
He explained that the United States imposed a tariff like this in 1828 and in 1930, both of which led to the recession/great depression. Kotak Mahindra Asset Management MD has noticed that high tariffs will lead to low growth and high inflation.
“If the American markets are correct, the American consumption, which represents two -thirds of the economy, can be pressured due to high inflation and the effect of evaporated wealth. For emerging markets, the recession will be called, but for the United States, it will be called solid landing.”
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