NewsDeskReport
New Delhi:
The US can affect many important sectors in India by applying reciperochl tariff (counter -duty) on Indian products. These include agriculture, medicine, machinery, electronics, chemicals and jewelery industries. Experts believe that these sectors may face huge additional charges from the US administration, which can weaken the competition of Indian exporters.
Why can additional fees be levied?
Actually, there is a big difference in import duty on many products between India and America, which is called ‘tariff gap’. To reduce this gap, the US is planning to implement reciperook tariffs on Indian products.
The biggest shock to the agricultural sector
India’s agricultural exports, especially seafood, can cause the most damage to this decision. The shrimp exported to the US can be expensive due to this new tariff, which will weaken India’s competition from countries such as Ecuador and Indonesia. In 2024, India’s shrimp exports were $ 2.58 billion and may face 27.83% tariffs.
Similarly, other food products such as processed food, sugar and cocoa products will also be affected, as their tariff difference is 24.99%. This difference can be up to 5.72% for fruits and vegetables and spices.
What will be the effect on medicine and healthcare sector?
India’s pharmaceutical sector exports the most drugs to the US. In 2024, this export was $ 12.72 billion and now a tariff of 10.9% can be imposed on it. With this, generic and special medicines exported to the US from India can be expensive, which can reduce the demand for Indian medicines in the market there.
Gold, silver and jewelery industry also shocked?
India exports gold, silver and diamond jewelery to the US on a large scale. In 2024, India’s exports from this sector were $ 11.88 billion. After the new tariff, additional fees can be imposed on jewelery up to 13.32%, which will make Indian jewelery expensive and can weaken its match in the global market.
What will be the effect on machinery and electronics sector?
India’s electronics, telecom and electrical equipment sector will also be affected by this decision. In 2024, the export of this sector was $ 14.39 billion and it can now be imposed up to 7.24% tariffs. Apart from this, India’s machinery, boiler, turbines and computer exports may levy an additional fee of 5.29%, which can make Indian products expensive in this market of $ 7.10 billion.
Will India’s exporters get any relief?
Experts believe that if the US applies the same tariff on other countries such as Ecuador and Indonesia, then Indian exporters may get some relief. But if only India is targeted, then it can reduce the competition of Indian companies.
The Government of India is talking to the US administration on this issue. If America applies this tariff, then Indian companies will have to find new markets or to maintain competition in America by reducing their production costs. In the coming weeks, a big decision can be taken on this, which will clear the status of various sectors of India.
(Tagstotranslate) Us tariffs on Indian goods
