Sectors of India, who export the most to the US.
– Photo: Amar Ujala
Expansion
The order to impose a 25 % tariff on imports from India by US President Donald Trump will be effective from tomorrow (August 1). Along with this, most of the products exported from India to America are scheduled to be expensive there. It is believed that Indian exporters may get a shock, as America is a large buyer of Indian products and if American tariffs increase on goods sent from India, then citizens can give preference to the goods coming at a lower tariff rate from other countries instead of Indian products.
The trade between India and the US is about $ 130 billion and India’s exports are around $ 87 billion. Indian industries are exported from products to services from Indian industries. In such a situation, questions are being raised about its impact amid the announcement of tariffs by America.
(Tagstotranslate) US tariffs
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