Global markets breathed a sigh of relief as the US government trimmed tariffs to 10 percent, down from 25 percent, offering substantial advantages to India and fellow emerging economies. Vishal Kampani, a key figure at AIMA and JM Financial, shared his insights during an IANS interaction at an AIMA-hosted program.
‘This adjustment for the coming 150 days is exceptionally positive,’ Kampani remarked. Emerging markets had hoped for 18 percent, but 10 percent delivers greater stability.
By imposing a uniform 10 percent tariff universally, including on India, the US is streamlining international trade flows. ‘It restores the status quo,’ he explained, addressing prior inconsistencies that hampered efficiency.
Kampani tempered enthusiasm with prudence, pointing to America’s arsenal of regulatory options and simmering internal divisions that could sway future policies. Close observation of implementation is essential.
Reflecting on the event, he praised AIMA’s 70th-anniversary summit for its rich discourse on finance, economics, politics, and beyond, expressing pride in contributing to its leadership.