Consumer Price Hike
American consumers might find themselves paying more. Increased healthcare costs are a concern, even if pharmaceutical companies are exempted. This is because
of ripple effects throughout various sectors, ultimately impacting the average American's pocketbook, making things like your daily chai a tad more expensive.
Universities Face Losses
Stricter Optional Practical Training (OPT) rules could lead to US universities losing billions. The H-1B visa clampdown further exacerbates this. This is especially crucial for students and institutions in India, as a significant chunk of their future may be jeopardized.
Diversity & STEM woes
The workforce diversity and STEM pipeline are likely to be negatively impacted. Restrictions create hurdles for international students and skilled workers. With fewer opportunities, America risks losing out on global talent and innovation, important for India's aspirations.
Retaliation Risks Loom
US exporters and farmers could be hit hard due to retaliation. Other nations may impose similar tariffs, affecting American exports. This could mean a dent in the economy. Remember that time when the samosas price went up because of some international market changes?
GDP, Innovation Dips
Innovation, productivity, and GDP growth may suffer. US supply chains, with India's significant role, face potential disruptions. This could stall overall progress, creating a challenging environment for the US. Ultimately, it could affect everything, from tech to the ever-important dosas.
