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Trump Tariffs to Hit Manufacturing Sector Hard
August 09, 2025
|The New Indian Express Coimbatore
Cost differentials of 30-35% to make apparel, leather goods, machinery exports to US unviable
WITH US President Donald Trump doubling down on his tariff war with Delhi, slapping an additional 25% duties on Indian goods shipped to the US shores from August 27, analysts say if India fails to bring down the tariffs through negotiation it will impact the labor-intensive manufacturing sector heavily, thereby shaving off growth.
Ratings agency Moody's on Friday said if India doesn't get tariffs negotiated to a level that is not disadvantageous to its manufacturing competitiveness, it will result in growth losing momentum by 30 bps, leading to 6% GDP growth this fiscal.
هذه القصة من طبعة August 09, 2025 من The New Indian Express Coimbatore.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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