experts โฃin Patna Analyze Potential Impact of US Tariffs, Advocate for Diplomatic Solutions
Patna, India – September 6, 2025 – A panel of economists and international trade specialists convened in Patna today to dissect the implications of recently proposed US tariffs and urged a strengthening of diplomatic efforts to mitigate potential economic fallout. The discussion, held at the Bihar Chamber of Commerce and Industry, centered โon the anticipatedโฃ effects on indian โexports, particularly in sectors like steel, aluminum,โฃ and textiles.
The proposed tariffs, announced by the US management last week, have sparked concerns about escalating trade tensions and a potential slowdown in global economic growth. Experts emphasized the vulnerability of Indian businesses โคreliant โon the US market and highlighted the need for proactive measures to diversify โexport โขdestinations โand enhance domestic competitiveness. โขtheโฃ forum underscored โthat a retaliatory tariff approach could further destabilize international trade,โ impacting both economies.
“The imposition of tariffs is rarely a productive long-term solution,” โคstated Dr. Arun Kumar,a professor of economics at Patna University. โค”While intended to protect domestic industries, they often led to higher prices for consumers and disrupt established supply chains.” He further explained that the tariffs could โขdisproportionately affect small and medium-sized enterprises (SMEs)โค in India, which lack the resources โto easily navigate complex trade barriers.
Participants also debated the potential for the tariffs to influence ongoing negotiationsโ for a broader trade agreement between the USโ and India. Several speakers advocated for increased dialogue between โฃthe two nations to address underlying trade imbalances and resolve disputes through diplomaticโค channels.
“Stronger diplomacy is crucial at this juncture,” asserted Ms. Priya Sharma, a trade policy analyst with the Confederation of Indianโฃ Industry.โ “India needs to actively engage with โthe US to articulate its concerns and explore mutually beneficial solutions. A collaborative approach is far more likely to yield positive results than a confrontational one.”
The panel โฃagreed that the Indian government should prioritize supporting affected industries โฃthrough financial assistance, exportโฃ promotion schemes, and skill development initiatives. They also recommended investing in researchโ and development to foster innovation and enhance the competitiveness of Indian products in the global market. The discussion concluded with a call for continued monitoring ofโข the situation โand a commitment to proactive engagement โwith stakeholders toโฃ navigate the evolving trade landscape.
