Us high tarifs impact on india: The US has announced to impose 50 percent additional import duty on Indian products, which will be applicable from 27 August 2025. This decision will affect India’s more than $ 60 billion of India’s exports of $ 86 billion. Its most impact will be on the labor areas like shrimp, apparel, leather and gems and jewelery.
It will be directly shocked on the apparel sector, as it exports $ 10.3 billion. This is also a big setback for gems and jewelery sectors, because America is the largest market in this industry. Many exporters believe that jobs are fixed in these areas.
Many areas affected by Trump’s high tariff
The export of shrimp and seafoods will also be severely affected. Leather and footwear industry may have to stop production and reduce the number of employees. At the same time, competition will be weakened in sectors like carpet and furniture.
According to the Global Trade Research Initiative (GTRI) report, the US fee will affect India’s exports to about 66 percent of the exports to the US. From August 27, a 50 percent fee will be levied on products worth $ 60.2 billion, including textiles, gems and shrimp.
What will be the effect of increasing US tariff?
The institute’s co-founder Ajay Srivastava said that this is the biggest trade shock for India in recent years. According to him, India’s exports to America can decrease to about $ 49.6 billion in FY 2025-26. This decision will benefit competitive countries like China, Vietnam, Mexico, Turkas and even Pakistan, Nepal and Kenya.
It is worth noting that due to buying oil from Russia during Ukraine War, America has imposed an additional 25 percent tariff on India. While 25 percent tariff is already imposed. In such a situation, the total rates of tariffs will increase to 50 percent from Wednesday. This is a big restriction on New Delhi in recent years.
Also read: India GDP: The news that has given a shock to India between US high tariffs, now what will the government do
Ramesh Ghorai is the founder of www.livenewsblogger.com, a platform dedicated to delivering exclusive live news from across the globe and the local market. With a passion for covering diverse topics, he ensures readers stay updated with the latest and most reliable information. Over the past two years, Ramesh has also specialized in writing top software reviews, partnering with various software companies to provide in-depth insights and unbiased evaluations. His mission is to combine news reporting with valuable technology reviews, helping readers stay informed and make smarter choices.
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