CHEMICAL IMBALANCE

US tariffs squeeze Indian chemical exports, eroding margins, denting competitiveness and redrawing global trade flows in key markets

- By SONAL KHETARPAL

VICTIMS OF TRUMP TARIFFS

CHEMICALS

The Fallout: India's chemical exporters, long reliant on steady American demand, now face their toughest reckoning yet. The US, which absorbs nearly 15 per cent of India's $42 billion (Rs 3.7 lakh crore) in chemical shipments, has slapped a 50 per cent import duty on roughly half that trade-about $3 billion (Rs 26,400 crore). But relief lies in exemptions for a large chunk, including pharma intermediates, according to the India Ratings and Research, a credit rating agency.