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Parmaar Annotated Bibiliography Updated

The document explores the impact of the United States' retaliatory tariffs on India's economy, focusing on export performance, employment in key sectors, and the stability of the Indian rupee. It references three sources that analyze the broader effects of tariffs, including disruptions to supply chains, currency devaluation, and negative impacts on GDP growth and employment rates. The findings suggest that tariffs have detrimental effects on both domestic and international economies, emphasizing the need for flexible economic policies.

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Akshat Parmaar
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9 views2 pages

Parmaar Annotated Bibiliography Updated

The document explores the impact of the United States' retaliatory tariffs on India's economy, focusing on export performance, employment in key sectors, and the stability of the Indian rupee. It references three sources that analyze the broader effects of tariffs, including disruptions to supply chains, currency devaluation, and negative impacts on GDP growth and employment rates. The findings suggest that tariffs have detrimental effects on both domestic and international economies, emphasizing the need for flexible economic policies.

Uploaded by

Akshat Parmaar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Parmaar 1

Akshat Parmaar

Professor Nason

ENG 107

27th April 2025

How have the United States’ retaliatory tariffs impacted India’s economy, particularly in

terms of export performance, employment within key sectors, and the stability of the

Indian rupee?

Source # 1

Klomp, Jeroen. “Trump Tariffs and the U.S. Defense Industry.” PLoS ONE, vol. 20, no. 1, Jan.

2025, pp. 1–30. https://doi.org/10.1371/journal.pone.0313204.

Summary: Klomp analyzes how Trump's tariffs affected the U.S. defense industry,

particularly in terms of costs, production, and security readiness. The study finds that while some

domestic industries initially benefited, material costs rose sharply, straining defense budgets.

Supply chain disruptions also created vulnerabilities in key areas of national security. Using

detailed statistical data, the article shows that tariffs failed to significantly strengthen defense

capabilities. Instead, tariffs led to unintended economic pressures on procurement and logistics.

Klomp concludes that strategic sectors require more careful policy planning to avoid negative

consequences.

Source # 2
Parmaar 2

Carlsson-Szlezak, Philipp, et al. “Understanding the Global Macroeconomic Impacts of Trump’s

Tariffs.” Harvard Business Review, 10 Apr. 2025, hbr.org/2025/04/understanding-the-

global-macroeconomic-impacts-of-trumps-tariffs.

Summary: This article examines the global ripple effects of Trump’s trade policies,

particularly their impact on supply chains, prices, and trade balances. It explains how the tariffs

disrupted not only the USA economy but also emerging markets like India, causing currency

devaluation and a drop in exports. Using case studies and economic models, the authors show

that tariff wars destabilized international trade and hurt both USA allies and competitors. The

article stresses that flexible economic policies are now critical to managing unexpected shifts in

global trade dynamics.

Source # 3

Furceri, Davide, et al. “Are Tariffs Bad for Growth? Yes, Say Five Decades of Data from 150

Countries.” Journal of Policy Modeling, vol. 42, no. 4, 2020, pp. 850–59,

https://doi.org/10.1016/j.jpolmod.2020.03.009

Summary: Furceri and his co-authors study the effects of tariffs on economic growth using data

from 150 countries over five decades. Their research finds that tariff increases consistently reduce GDP

growth, productivity, and employment rates. The authors use econometric models to show that

protectionist trade policies harm both developed and developing economies. They argue that short-term

gains are outweighed by broader economic inefficiencies. The study challenges claims that tariffs

strengthen national economies and emphasizes that open trade policies tend to support stronger, long-term

economic growth.

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