Trump Tariff To Impact About Half Of USD 86 Bn Indian Exports To US

The imposition of a 25 per cent US tariff will impact about half of India's over USD 86 billion worth of exports to America, government sources said on Friday.

- Press Trust Of India

The sectors which could bear the brunt of 25 per cent duty include textiles/ clothing (10.3 billion), gems and jewellery (12 billion), shrimp (USD 2.24 billion), leather and footwear (USD 1.18 billion), animal products (USD 2 billion), chemicals (2.34 billion), and electrical and mechanical machinery (about USD 9 billion).

They said that about half of the goods exported from India to the US are in the exemption category (such as pharma and electronic goods), so, the impact will be only on the remaining half.