
1. SBI Sounds Alarm on Tariff Fallout
India’s largest public bank warns Trump’s tariff war with India could severely backfire on the U.S. economy, calling it a poor and risky business move.
2. Triple Threat to U.S. Economy
The report forecasts a drop in U.S. GDP growth, rising inflation, and a weakening dollar, creating a dangerous economic trifecta.
3. Inflation to Stay Stubbornly High
SBI links current high U.S. inflation to past Trump-era tariffs and predicts it will stay above 2% until at least 2026.
4. American Households to Pay the Price
New tariffs could increase household expenses by up to $5,000 for high-income families and $1,300 for low-income ones.
5. A Repeat of the Past
Trump’s previous tariffs on metals led to steep price hikes and plummeting sales of everyday goods like refrigerators and washing machines.
6. U.S. Reliance on Indian Imports at Risk
America depends on India for key goods—electronics, medicine, and jewelry. Tariffs threaten to create shortages and push prices higher.
7. Medical and Tech Costs Could Skyrocket
SBI warns medicine prices could surge by 47% and electronics by 20%, making essentials unaffordable for many Americans.
8. ‘Make in America’ Not So Easy
Trump claims tariffs will push domestic production, but SBI argues the U.S. lacks cheap labor and infrastructure, making local manufacturing expensive and slow.
9. Pharma Shortages & Black Markets Loom
Life-saving drugs could become scarce, sparking black-market activity. Indian pharma firms risk a 2–4% revenue dip in FY 2025–26.
10. Indian Pharma Deeply Tied to U.S.
Up to 50% of Indian pharma revenue comes from the U.S., making Trump’s tariff move a potential blow to both sides.
11. U.S. Tariffs Failed Before
Earlier tariffs led to job losses in the car and appliance industries, while steel output declined despite the protectionist policy.
12. Consumers Paid the Hidden Tax
Tariffs cost U.S. consumers $900,000 in extra spending. Over 100,000 business owners pleaded with Trump to lift the steel duties.
13. Car Prices May Zoom Up
With auto parts imports under threat, U.S. carmakers fear price hikes and slumping sales, prompting early countermeasures.
14. Soaring U.S.-India Trade Gap
The U.S. trade deficit with India quadrupled over a decade, hitting $43 billion. New tariffs could worsen the imbalance.
15. India Seeks New Allies
India is proactively seeking new trade partners in Europe and Africa to reduce dependency on the U.S. and cushion the tariff blow.