"APRIL FOOL'S" JOKE SIDELINED, "TARIFF" CHALLENGES ARE LOOMING
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- "APRIL FOOL'S" JOKE SIDELINED, "TARIFF" CHALLENGES ARE LOOMING
The return of the Trump-era after the US election has unnerved global market in as much as market is continuously trying to assess the future course of actions. Experts argue that behind such ‘tariff terrorism’ the fundamental objectives of Trump are- asset monetisation, lower crude prices, lower rates, weaker dollar, return of manufacturing to US are his core interests.
As highlighted by the RBI March bulletin “The global economy, which entered 2025 on a strong note of resilience, is caught in a storm of escalating trade tensions and a heightened wave of uncertainty around the scope, timing, and intensity of tariffs. What is more certain, however, is that trade wars and escalating tariffs could have a deleterious impact on growth and fuel inflation, not just in the countries directly involved but for the global economy as a whole.”