We recently came across an very interesting and useful effort by Singapore Management University (SMU) on the impact of recent American Tariff measures on the Exim trade of various countries, including India.
This paper, prepared by researchers at the Singapore Management University (SMU), explains the development and working of the SMU Trade Dashboard, an online platform designed to monitor and assess the economic impact of the tariff policies introduced during President Donald Trump’s second term (“Trump II”). The paper is primarily a methodological guide explaining how tariff information is collected, organized, and used to estimate its economic consequences.
Purpose of the Study
The primary objective of the research is to provide governments, businesses, researchers, and policymakers with an easy-to-use tool that tracks changes in international tariffs and estimates their likely impact on global trade and national economies. Rather than merely listing tariff announcements, the dashboard attempts to show how these policy changes influence trade flows, wages, industrial production, and overall economic welfare.
The SMU Trade Dashboard:
The dashboard consists of two major components:
1. Tariff Tracker
The Tariff Tracker allows users to:
- Check tariffs applicable to specific products.
- Search tariffs by product category or industrial sector.
- Compare tariff rates across countries.
- View which products and sectors are affected by new tariff measures.
- Track tariff changes from January 2025 onwards.
Instead of simply showing current tariff rates, it also identifies:
- the date when a tariff became effective,
- the countries involved,
- products affected,
- and the value of trade impacted.
2. Trade Simulation
The second feature estimates the broader economic consequences of tariff changes.
It measures possible effects on:
- International trade volumes
- National income
- Industrial output
- Wages
- Consumer welfare
- Sectoral performance
These estimates help users understand not only which tariffs changed, but also what those changes may mean for economies around the world.
Please find attached a detailed non-technical summary of the research paper published by SMU in this context , and the research paper also .
For queries, please contact:
Vikramshila Risk Advisory Pvt. Ltd.
Email: info@vsrpl.in
Date of post: 21.07.2026
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