Us tariffs: ‘Water will flow Around Barriers,’ Says Former Commerce Second Anup Wadhawan – CNBC TV18

Anup Wadhawan, Former Commerce Secretary, Downplayed the long-term risks of the 50% us tarifs that came into effect today, August 27. Affected. He Said Some Adjustments will Haappen Across Sector, With Companies Shifting Supply Chains to Other Countries. “Water basically will flow flowed barriers. The us has created a barrier, and trade flows will go Around the US and Find Other Markets,” He Explied.

From the textr sector, Pallab Bnerjee, MD and Group President of Pearl GlobalHighlighted how the tariffs have come at a sensitive time. He said the business works seasonally and depends on timely deliveries. “The tariff has hit india at a time when the spring-summer Goods are being placed by the customers all over the world,” He noted, calling it a challenge for apparege for apperts to the us.

Also read , Us tariff move not linked to trade access; Efforts on to pause levy, say sources

Former Indian Envoy to the US, Meera Shankar, Linked The Move to a Larger Geopolitical Strategy. She said the tariffs count be “Part of trump’s geopolitical global play, without a thought to the consortes for the relationship with India.”

Mark Linscott, Senior Advisor at Usispf, said, “That is the big question – when we see a breakthrough?” He explained that discusations are happy the scenes, but the timing remain uncertain. “It could be days, it could be weeks, it’s just hard to say. But for now, the tariffs are in place,” He added.

Also read , India Plans Outreach Programs to Top Textile Markets as Us Tarifs Hit Exports

While Exporters Face Near-Term Disruptions, Experts Believe That Global Trade Flows will rebalance and India’s Economy will not see a Major Setback.

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