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Post new tariffs, worries over effectiveness of US trade deal
Financial Express Chandigarh
|September 30, 2025
THE EFFECTIVENESS OF trade deals with the US has come under fresh scrutiny as US President Donald Trump on Friday expanded the tariff net to multiple products, including patented drugs and heavy trucks that were previously exempted from reciprocal tariffs. Trump's move assumes significance as India is in the middle of negotiations with the US, and the elimination of reciprocal tariffs is a key ask from the Indian side, though sectoral tariffs are not part of the talks.
While the tariffs on pharma products may not affect India in the short term, experts said that the use of Section 232 is already impacting India's steel and aluminium manufacturers, and expansion of tariffs could further hurt exports even after the trade deal. Government officials said that a new investigation could lead to more products with steel and al
This story is from the September 30, 2025 edition of Financial Express Chandigarh.
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