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मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

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Exporters brace for tariff tension

The New Indian Express Tirupati

|

April 02, 2025

Worried Punjab and Haryana manufacturers want govt to protect domestic industries

- HARPREET BAJWA @Chandigarh

WITH Wednesday the rollout date for reciprocal tariffs announced by US President Donald Trump, manufacturers and exporters in Punjab and Haryana feel vulnerable and want the government to protect the domestic industry.

The president of the World MSE Forum, Badish Jindal, says the tariffs will affect auto parts, garments, hosiery, steel products, and fasteners.

In his view, India should "learn" from the US and protect "our interests."

Of the trade imbalance, Jindal said, "We import goods worth ₹50 lakh crore, including ₹9 lakh crore from China. Our exports to China are only ₹1 lakh crore. While our exports were ₹30 lakh crore last year, the trade deficit was ₹19.96 lakh crore; it may go up to ₹22 lakh crore now."

He feels "Pakistan and Bangladesh will benefit from the US tariffs as they are hosiery majors and giving us tough competition".

The New Indian Express Tirupati

यह कहानी The New Indian Express Tirupati के April 02, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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