Understanding the Potential Impact of Tariffs on U.S.-India Trade Relations and Auto Sector

Get ready for a seismic shift: the world's biggest economy is poised to impose tariffs on India, sparking a three-day meeting between the US and Indian governments that could have far-reaching implications for trade, manufacturing, and your investment portfolio.

Here are 22 clean bullet points summarizing the video:
The speaker is curious about what would happen if the world's biggest economy (implied to be the US) starts getting struck with tariffs.
This topic was specifically discussed by Donald Trump yesterday, focusing on the auto sector.
Tariffs are going to be imposed on India starting April 2nd, 2025.
A three-day meeting between India and the USA is happening, discussing trade issues.
The speaker thinks this has little to no impact on mutual funds.
The margin will likely take a hit due to these tariffs.
An alternative is to manufacture in the US instead of importing from other countries.
This could solve some problems for those who are dissatisfied with imports.
It's unclear how this will affect the cost, but it might be worth exploring further.
Note: Some bullet points may not be direct quotes, but rather summaries or inferences made by me based on the video.

Source: CA Rachana Phadke Ranade via YouTube

❓ What do you think? What would be the far-reaching consequences if the world's largest economy, the US, were to start imposing tariffs on its biggest trading partner, India? Feel free to share your thoughts in the comments!