Trump Approval Of Bill Sanctioning 500% Tariff On India- A Bolt From The Blue For Tourism And Travel

In some of the crucial developments in global geopolitics, the Trump government has approved the Bill that threatens a stark 500% tariff on India as a corrective measure to end Russian oil imports, which is helping Russia’s war economy. 

Impact on Tourism and Business Travel Between India and USA

The proposed sanction of 500% Tariff on India will be seen as a major blow to international travel and tourism industry, as it may very likely create a furore in the ticket prices or may even curtail the extent of business tourism between the USA and India. There is very high probability businesses in India will not be able to export goods and services exports to the US, which is a major setback to Indian companies, especially in the exports related tourism. It is evident that services exports, particularly by software companies and tourism would receive a major blow.

The USA is India's largest trading partner, responsible for nearly 18% of India's total exports. Major sectors where exports tourism and business travel happened between India and the USA involved IT services, pharmaceuticals, textiles, and gems rely heavily on the US market. Now with the 500% Tariff on Indian goods and services, tourism around Meetings, Incentives, Conferences and Exhibitions will get affected leading to less business flights between two key democracies of the world.