The US 500% Tariff bill, The "Sanctioning Russia Act" has been tabled and greenlit for next steps.
While not talking about the morality of the bill, or the govt's involved, or the reciprocity of actions that would happen, I want to see how this sub reddit sees this bill with respect to their strategy for next few months or years.
India USA trade has been impacted over the last year with tariffs already imposed. The current VISA woes are not new, companies saw them during 2016-2020 and have taken some steps to blunt the impact - on both sides. Indian companies did this by opening delivery centers across a few geographies. US companies did this my hardening the stance in critical roles kept inside the company US offices.
Free market is already over. India did protectionism. It's now being done by US too.
With current going around, it's not improbable the bill passees and then goes into a staggered implementation , it goes into a cycle of a waiver for few months - then re-negotiations.
While this could just be negotiation tactics, or power play, there are other factors too. A lot of our digital economy uses US tech - servers , OS licences , network capabilities, even Android versions we so freely use. This dependency could also lead to a panic if the services are throttled/constrained.
How do you see this impacting the markets, especially India under both - short and long term.
I do however request you to avoid any political rants , and approach this form a pure markets reaction pov. And possible steps to harden our portfolios.