A landmark US decision to lower tariffs to 10 percent is poised to rejuvenate trade for nations like India. Experts at an AIMA conference in New Delhi view this 150-day measure, slashing rates from 25 percent, as a beacon of stability amid uncertainties.
Vishal Kampani of JM Financial and AIMA underscored its importance: ‘Far better than the anticipated 18 percent, this 10 percent cut is a boon for emerging markets.’
The policy introduces uniformity, replacing erratic tariffs with a consistent 10 percent framework worldwide. This harmonization, Kampani argued, normalizes operations and revives pre-existing trade patterns effectively.
Yet, he cautioned against complacency. US policymakers hold leverage for changes, compounded by domestic tensions that may alter trajectories. Vigilance on enforcement is paramount.
Kampani lauded the milestone AIMA event in its 70th year, buzzing with expert exchanges on vital subjects like global finance, economic trends, and political landscapes.