US Reciprocal Tariff Is Likely To Be Limited: Experts
Although additional US reciprocal tariff is likely to affect Nepal’s export of certain commodities to the US, the impact on the national economy is likely to be limited considering Nepal’s small export basket.
This sentiment was expressed by the participants of a roundtable discussion conducted today in Kathmandu. A 10-percentage point increase in tariffs on Nepal’s export to the US could result in 0.0096 percent decline in Nepal’s Gross Domestic Product, according to an issue note published by South Asia Watch on Trade, Economics and Environment (SAWTEE). The report titled "Decoding US’ reciprocal tariffs: A Nepali perspective," is authored by Dr. Paras Kharel, Executive Director at SAWTEE, and Mr. Kshitiz Dahal, Senior Research Officer, provides a Nepali perspective against the rapidly changing international trade landscape due to the US administration’s reciprocal tariffs.