Trump tariffs | CEO Carl Pei’s strategy does not: “Hope to increase India’s exports” amid global trade uncertainty

Amid the ongoing global trade uncertainty triggered by tariff hikes by U.S. President Donald Trump, CEO Carl Pei’s strategy is to increase India’s exports. In the Ask-Me-thing (AMA) conference on “X” (formerly Twitter), Pei answered the user’s question, who asked: “Nothing can manage the uncertainty of tariffs and global trade?”

Tariffs are a key tool in the global trade struggle. The state imposes tariffs on imports that protect their local industries, but these measures may have a ripple effect on the global economy. In short, tariffs are taxes imposed by a country on imported goods. Therefore, higher tariffs make foreign products more expensive and may reduce imports

India’s economy is booming in trade. Here are the top trading partners (FY2023-24):