US EditionTrump tariff: India’s strict testing rules for chemicals, medical devices hurt US exports, says White House
- India's exports to the US, which account for one-third of total exports, may endure high tariffs set at 26% by the US, as indicated by a Moneycontrol analysis.
- Sectors like gems, jewellery, and textiles may face significant challenges due to higher US tariffs, while electronics and pharma sectors might be less impacted.
- Ajay Sahai from the Federation of Indian Export Organisations noted that India is better positioned compared to rivals like China and Vietnam.
- The US accounted for 18% of India's total goods exports in 2023-24, contributing to a trade surplus of USD 35.32 billion, as reported by FIEO.
14 Articles
14 Articles
Trump tariff: India’s strict testing rules for chemicals, medical devices hurt US exports, says White House
The White House said if the barriers like testing and certification requirements are done away with, the US exports would see an uptick by at least $5.3 billion annually.
India’s top exports have 30% dependence on US, but some sectors may escape tariff hit
The impact of US reciprocal tariffs could be moderate on India, and in some cases even positive, as China, which accounts for the largest share of US imports of electronics, for example, will attract a higher 54% tariff
NDTV
indiandefensenews.in26% US Tariffs On India To Hit Domestic Players: Top Exporters Body
India's apex exporters' body, FIEO, stated on Thursday that the 26 per cent tariffs or import duties announced by US President Donald Trump on India will undoubtedly affect domestic players.
U.S. tariffs may impact India’s agriculture, machinery, pharma, electrical, chemical sectors: Experts
According to think tank Global Trade Research Initiative, the hardest-hit sector in agriculture would be fish, meat, and processed seafood, with $2.58 billion in exports in 2024, facing a 27.83% tariff differential
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