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US Tariffs Threaten Lakhs of Jobs in India, Says CTI
The Daily Guardian
|August 28, 2025
The Chamber of Trade and Industry (CTI) has written a letter to Prime Minister Narendra Modi stating that the 50 per cent tariff imposed by the US could devastate key Indian industries and threaten the livelihoods of lakhs of Indians.
"The 50 per cent US tariff will have a devastating impact on India's textiles, leather, gems and jewellery, auto components, chemicals, pharma, seafood, electronics and other sectors," CTI Chairman Brijesh Goyal said.
He explained that because of the increased tariffs, Indian goods will be up to 35 per cent costlier in the American market compared to competitors, prompting buyers to look elsewhere.
This story is from the August 28, 2025 edition of The Daily Guardian.
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