Samir Arora: India Better Placed Despite Trump's 15% Tariffs

• Veteran fund manager Samir Arora downplays concerns over Trump's 15% global tariffs, stating India's competitive position remains largely unchanged.
• Trump increased the global tariff rate to 15% after a US Supreme Court ruling deemed his unilateral tariff-setting unconstitutional.
• Arora argues that if most nations face a similar 15% rate, the relative competitive equations remain broadly intact, not uniquely disadvantaging India.
• He notes that over 90 countries, including key US trading partners like Australia and the UK, are now at 15% tariffs.
• The 15% rate is currently for a 150-day period; any extension would require congressional approval, adding political uncertainty.