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1. UPSC Learning Festival- Free live classes https://unacademy.com/content/upsc/sp... 2. UPSC All India Free Mock Test https://unacademy.com/scholarship/UAIPMT Timestamps 00:00 Roses can change heart? 00:33 Reciprocal tariff meaning 01:16 Bangladesh pampering stopped? 01:31 Japan not spared 02:02 history repeats 02:41 no love for UK or EU 03:08 Economic Survey 03:25 lesson from Korea 04:25 Smoot-Hawley Tariff Act 04:45 tariff in great depression 05:11 stagflation meaning 05:27 NASDAQ Crashes 06:24 Trump on share market 06:36 UPSC all India mock test 06:55 impact on India 07:09 Trump 1.0 & India 08:00 Trump on Modi 08:14 textile to benefit 08:32 Ravish Kumar Unhappy 09:19 smartphone industry 09:51 Will Apple leave India? 10:49 Diamond industry hurt 12:36 impact on SENSEX Gold 12:57 Rupee to weaken 13:31 suggestions for India 14:07 boosting domestic demand 14:52 export diversification 15:53 further PhD 16:33 Win25 Updates 16:58 Unacademy Learning Festival In this video, renowned UPSC Educator & Economy Subject Expert Dr. Mrunal Patel will explain Trump's Reciprocal Tariffs: Impact on India & Global Economy This video is for the benefit of job aspirants in India who are preparing for various competitive exams such as UPSC, SSC-CGL, State Services (StatePSC), Banking, IBPS, RBI, CAPF, CDS, etc.” This video analyzes the implications of the US's new tariff regime, focusing on: *The US Trade Deficit and Tariff Logic:* Understanding the core argument behind the US's protectionist stance and the mechanics of the newly imposed tariffs. *Impact on India:* A detailed look at the US concerns regarding India’s trade policies, including agricultural tariffs, FDI restrictions, and intellectual property issues, as detailed by the US Trade Department’s report, and how they contribute to the high tariffs levelled on India. *Global Economic Fallout:* Examining the potential consequences for global trade, including the risks of slowed economic growth, inflation, and even stagflation, particularly in the US. *Dr. Mrunal Patel's Expert Analysis:* Dr. Patel explains the economic complexities, the historical context with parallels to the Smoot-Hawley Act, and the strategic decisions India and other nations must consider in response. *Navigating the Trade War:* Strategies for India to balance protecting domestic policies with responding to external pressures, especially concerning future negotiations, as observed and explained by Dr. Mrunal Patel. *UPSC and Competitive Exam Relevance:* How these developments tie into the UPSC syllabus, particularly in topics concerning the Indian economy, international relations, and current affairs. Dr. Mrunal Patel highlights the necessity for India to strategically navigate this turbulent period, analyzing how domestic economic choices will face considerable scrutiny. This analysis is essential for aspirants aiming to excel in the UPSC and other competitive exams, as it offers a deep dive into crucial economic and policy considerations. Join us as Dr. Mrunal Patel deciphers these complex economic dynamics, providing a clear and concise understanding of the US's reciprocal tariffs and their impact on India and the world. Don't forget to like, share, and subscribe for more in-depth analysis on current affairs and economic developments. 3. 📘 Mrunal’s Economy Prelims Book (PCB12) available on Amazon https://amzn.to/4c4h1mv 4. Mrunal’s Free Win25 Economy Updates Series https://mrunal.org/win25 5. 💾Download UPSC PYQ Booklet https://unacademy.com/content/previou... 6. 👩🏻🏫 Free Workshop for UPSC 2026/27 Aspirants this Saturday https://unacademy.com/class/mrunals-f... 7. Join Unacademy course for UPSC preparation https://unacademy.com/goal/upsc-civil... *SEO Tags:* Economy UPSC Current Affairs India Economy International Trade Tariffs US Trade Policy Global Economy Trade War Indian Economy Competitive Exams Mrunal Patel UPSC Economy Trade Deficit Protectionism Economic Analysis Import Export Geopolitics