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US President Donald Trump, who is scared of tariffs around the world, is very kind to two neighboring countries of India. Trump has announced 19% on Pakistan and 20% tariff on Bangladesh.
In contrast, India has been ordered to impose 25-25% tariffs in twice. He has also threatened for secondary selection.
Like India, Trump has imposed 50% tariff on Brazil. At the same time, 30% tariff is being imposed on China at present. According to a report by the Financial Times, if the tariff rate increases, China’s GDP may decrease by about 1%.
In the story, know how Pakistan and Bangladesh are in profit from Trump’s tariff, and why China is in loss…
US President Trump announced a tariff on 69 countries on 2 April 2025 at the Rose Garden of the White House.
Countries who benefit the most from tariffs
1. Pakistan: The lowest tariff compared to South Asian countries
Trump has imposed 19% tariff on Pakistan. It is the lowest American tariff on any country in South Asia. Earlier in April, Trump had talked about imposing 29% tariffs on Pakistan.
In the new order, Trump has given a concession of 10% to Pakistan. Trump has also done an oil deal with Pakistan. Under this, the US will help in the discovery of oil, processing and storage in Pakistan.
Pakistan’s largest export sector is its textile industry (80%). America is its biggest buyer. Low tariffs may increase its share in the US market.
America’s deal with Pakistan may bring tension in Indo-US relations. This will try to strengthen its regional situation with Pakistan, America.
With the help of America, Pakistan can also get financial assistance from World Bank and IMF.
2. Bangladesh: reduced 17% tariff in 4 months
The US has imposed 20% tariff on Bangladesh. Earlier in April, 37% tariff was imposed on Bangladesh. Bangladesh managed to reduce 17% tariffs from the US in 4 months.
Bangladesh is the second largest textile exporter in the world. More tariffs on India can increase its textile exports. Its exports in 2024 were $ 8 billion (70 thousand crore rupees), which could be 10 billion dollars (88 thousand crore rupees) by 2026.
Bangladesh can maintain its 9% share in the US market with a low tariff. According to FBCCI, this can increase the country’s GDP by 0.2% by 2026.
3. Vietnam: Growth in textile and electronics sector
The US has imposed a 20% tariff on Vietnam, but it is lower than India (50% tariff) and China (30%). This will easily access Vietnam goods in American markets.
Vietnam is already getting the benefit of ‘China-Plus-One’ policy (another partner other than China) of big companies in the semiconductor sector.
Companies like Apple and Samsung are transferring their supply chain from China to Vietnam. Vietnam’s export to America may increase due to less tariff than other countries.
Vietnam’s textile industry, especially cheap clothing and readymade garments, will benefit from US low tariffs. Between 2013-2023, Vietnam’s textile exports increased by 82% to about Rs 3 lakh crore.
4. Mexico: 0% tariff on many items
The US has put 25% tariff on Mexico. However, Mexico trade under USMCA (United States-Mexico-Canada Agreement). Under which some discounts can be availed. The US has given 0% tariff to Mexico on goods following USMCA rules.
Mexico ranks first in trading with America. Mexico’s participation in trade with the US in 2024 was 16%. This may increase further now.
Mexico exports cars, trucks and automobile parts to the US, transmission. About 90% of the total exports of Mexico’s automobile parts go to the US.
Mexico exports agricultural products (tomato, avocado, berries lemon, vegetables) to the US. Mexico is America’s largest avocado supplier. Under the USMCA, they get 0% tariff, which will benefit this sector.
The US takes 15-20% of the total steel exports from Mexico. It is at number three after Canada and Brazil. The US may increase steel exports from Mexico due to 50% tariff on Brazil.
Countries who have the most damage from tariffs …
1. India- 25 to 30 lakh jobs in danger
The US imposed a 25% extra tariff on India on 6 August. Due to this, India’s total tariff has increased from 25% to 50%. This extra tariff will start from August 27. Trump explained the reason for increasing the tariff to the purchase of oil from Russia.
According to the US Trade Representative (USTR) 2024 report, India exported goods worth about Rs 7.35 lakh crore to the US. India’s products will be expensive in the US market with 50% tariff, which will reduce demand.
The US imports 15% textile from India. Increased tariffs may cause a decline, which may affect textile production in India.
High tariff will also affect employment. According to the report of Financial Express, the MSME (small and medium industries) sector may have a 25–30 lakh jobs in danger.
India exported gems and jewelery worth $ 11 billion (₹ 91 thousand crore) in 2024. Demand may decrease if prices rise from tariffs. This will affect the diamond and polishing hub of Surat, the jewelery market of India. Read full news here …
2. Brazil: GDP estimated up to 2.7% decline
America has put 50% tariff on Brazil like India. Behind this, Trump has given the reason for former President Zaire Bolsonaro to be prosecuted. President Lula Da Silva has also complained against it to the World Trade Organization (WTO).
Brazil is at number three in selling steel to America. Brazil exported steel and aluminum worth $ 10 billion (₹ 87 thousand crore) to the US in 2024. It will cause the most damage due to tariff.
According to the International Monetary Fund (IMF), Brazil’s GDP may fall by 2.7% and can snatch more than 1 lakh jobs.
Increase tariffs will also affect coffee production. In 2024, Brazil exported 4.40 million kg of coffee of $ 4.4 billion (₹ 38 thousand crore) to the US.
3. Chinese GDP threatens to fall by 1%
In May, the US imposed 145% tariff on China. After this, China imposed 125% counter -tariff on the US. After the conversation, both of them reduced the tariff on each other. Currently, the US has imposed 30% tariffs on China and 10% on the US.
The US has given China separately till August 12 for the trade deal. America’s high tariff on China will directly affect its export and industry.
China exports goods worth more than $ 500 billion (Rs 43 lakh crore) to the US. Brands like Apple produce massive production in China. They will have to face inflation.
According to a report by the Financial Times, China’s economic impact has been limited despite America’s broad tariff measures. If the tariff rate increases, it can reduce China’s GDP to 1%.
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