The announcement of US tariffs dropping to 10 percent has sparked optimism among business leaders, particularly for emerging markets like India. At a prominent AIMA gathering in New Delhi, JM Financial’s Vishal Kampani labeled the cut from 25 percent a ‘welcome step’ that promises clarity for investors and businesses alike.
Effective for 150 days, this policy shift is seen as a catalyst for normalizing global commerce. ‘Emerging markets stand to gain immensely,’ Kampani stated. ‘A reduction to 10 percent exceeds our expectations of 18 percent.’
Previously fragmented tariff structures had created uncertainties, but a standardized 10 percent rate across nations fosters predictability. This alignment, Kampani noted, effectively resets trade dynamics to pre-disruption levels.
Despite the positivity, he advised vigilance. With ongoing domestic debates in the US, policy U-turns remain a risk. Stakeholders must watch closely as America navigates its internal challenges.
Kampani also highlighted the vibrancy of the 70-year-old AIMA conference, where leaders delved into critical topics spanning economics, finance, and geopolitics, reinforcing its role as a key platform for strategic dialogues.