With simply 48 hours to go earlier than what he calls “Liberation Day” on April 2, former US President Donald Trump has doubled down on his sweeping tariff coverage, declaring that america will impose tariffs on each nation with out exceptions. Talking aboard Air Power One, Trump dismissed any hypothesis about limiting these commerce restrictions to pick out nations and confirmed that each one imports can be impacted.

“We might begin with all international locations, so let’s see what occurs,” he instructed reporters, reaffirming his hardline stance on international commerce.

Indian American enterprise homeowners, particularly these concerned in commerce, know-how, and manufacturing, are carefully watching how these tariffs will play out. Through the years, India has emerged as a key buying and selling associate for the US, and companies with ties to each economies might face price will increase on imports, provide chain disruptions, and value fluctuations.

Dispelling experiences that tariffs can be restricted to some nations with commerce imbalances or excessive duties on US items, Trump said that there can be no cutoffs. He dismissed earlier hypothesis that his administration would goal solely a choose “Soiled 15” international locations flagged by US Treasury Secretary Scott Bessent.

“I haven’t heard any rumor about 15 international locations, 10 or 15,” Trump said. “We’ve been speaking about all international locations—no cutoffs.”

Regardless of the considerations of economists and enterprise leaders, Trump claimed that the tariffs can be “way more beneficiant” than the duties imposed on the US by different nations. He argued that this strategy would enhance US income whereas remaining extra lenient than the “ruthless” tariffs levied on American merchandise overseas.

“They ripped us off like no nation has ever been ripped off in historical past,” Trump stated. “However we’re going to be a lot nicer to them than they had been to us. Nonetheless, it’s going to herald substantial cash for our nation.”

Economists warn that tariffs might have unintended penalties, together with greater client costs and inflation within the US. Whereas Trump’s prime commerce advisor, Peter Navarro, claimed that tariffs on auto imports alone might usher in $100 billion yearly, consultants concern this technique might backfire.

“Tariffs on all international locations might generate about $600 billion a 12 months—that’s $6 trillion in 10 years,” Navarro instructed Fox Information.

Many international leaders, together with Indian officers, have been working behind the scenes to barter commerce offers that might stop financial fallout. Nonetheless, with Trump’s stance remaining agency, many countries are bracing for a possible tariff conflict that would reshape international commerce dynamics.

With the Indian-American neighborhood closely invested in numerous enterprise sectors, from IT to prescribed drugs and retail, the affect of Trump’s tariff insurance policies stays unsure. For now, enterprise homeowners and policymakers alike are getting ready for a doubtlessly rocky financial shift within the coming weeks.

Would these tariffs assist or damage the US financial system? That is still to be seen—however Indian People with international enterprise pursuits might want to keep vigilant as Liberation Day approaches.