The bilateral trade relationship between the U.S. and India has grown exponentially over the last 30 years and has evolved into a small-scale cooperation into one of critical economic significance. Nonetheless, tariff disputes have sometimes been a burden to this alliance, and these disputes are indicative of more significant issues in the regulation of international trade. Due to the shifting international order with rising levels of protectionism, the emergence of geopolitical competition and the shifting multilateral trade standards, this paper will examine the genesis of the U.S.-India tariff war, its development, and its impact. It follows major tariffs and reactions implemented by the two sides, analyses the political and economic repercussions of each and puts the conflict in the context of more global trends in trade policy. The research paper justifies the argument that, when treated adeptly using multilateral constructs and solid bilateral processes, tariff wars can result in policy re-evaluation, institutional redesign and an increase in strategic dialogue, though they also pose challenges to bilateral collaboration and global trade stability.
Mr. Arun Lal (Thu,) studied this question.