I am actually happy with the tariffs being levied on Indian products.
I strongly dislike Trump. But this is one of the things that he is doing that will actually benefit Indian customers.
- The tariff money will be collected from American customers. So you and I won't suffer.
- All the rich oligarchs in India will force Modi to negotiate with Trump. Again, you and I won't suffer because of this.
- India will be forced to cut import tariffs on things we import from US.
- Indian manufacturers will be forced to compete with US manufacturers. These peoples have enjoyed virtually no competition since the day we got independence. They produce substandard crap for Indian consumers. They don't even pay living wages to Indian Engineers.
Those import tariffs have done nothing for India. Some greedy politician somewhere pockets all of that money. All that extra money we are paying to purchase US goods are only serving to pay for some MLA/MP's son's higher education in US college fees.
Those tariffs are supposed to encourage Indians to manufacture things in India itself. But do you see India manufacturing X86 processors that can compete with Intel or AMD? Do we have phones that can compete with Samsung, Apples of the world?
A 270$ processor sells for almost 31K in India. AMD Ryzen 7700x. Almost 8K in taxes, tariffs and what not.
This is probably the first and only time I am cheering for Trump. He is going to teach Ambani/Adani/Tata/Birla a lesson. These people had 40 to 50 years of head start. They basically faced absolutely no competition from foreign manufacturers. And they still produce substandard garbage products for Indian consumers. They don't even pay their engineers a living wages. Last I heard, Tata pays 30K per month to it's mechanical engineers.
I swear to god I will never say anything bad about Trump, if he can get India to rollback it's tariffs on foreign goods lol. I will publicly write an apology tweet to Trump.