US Tariff Will Hit State's Exports Sector Hard, Says Balagopal

The US decision to impose a 50% tariff on Indian goods will have a serious impact on Kerala's economy as the state makes large-scale exports to the US, Finance Minister K N Balagopal has said.

- EXPRESS NEWS SERVICE @ T'Puram

It is a bullying tactic to control the country's market, he said.

"Our exports to the US include shrimp and other fish produce, textiles, spices, cashew, coir, etc. Medical equipment too is exported in large quantities. Besides, there is modest export of semiconductors and chips. Software exports too will be affected," he told reporters on Friday.