Reports of Trump putting tariffs on outsourcing tech jobs to hit India , is it the END?
Your take ?
Not the end, but in the short term, it will badly hit the IT job market and the Indian economy.
Probably in 3 years, Trump’s party will lose, and the next US president will overturn some of these policies.
But yeah, the next 4-5 years are going to be really painful for India.
If he keeps doing like this their own people will throw him out of the white house.. All the other nations are fed up with this stubborn kid mentality of Trump.
Chill bro nothing is gonna happen!
Now every IT company will face what TCS is facing. Bloodbath in layoff
Trump tenure is going to be tough for India, it has not even been 1 year yet, 3 more years to go!! He will keep taking these kind of flippant decisions at his whims and that won’t work well for India. India is trying to diversify to other countries, but those kind of initiatives take decades, not going to show any immediate effect. So long and short, at least till Trump’s tenure ends, we are going to have a very tough time. (On a side note, good time to invest in IT stocks once it goes down further, because in long term (5+yrs), it will jump back up)
