Trump’s tariff will affect which sector of India? Learn where there can be big loss

The increasing distance between America and India is not going to decrease at the moment. President Donald Trump has imposed 25 percent of additional tariffs on India. In this way, a total of 50 percent tariff has been imposed on it, whose deadline is ending on Wednesday (August 27). Some sectors of India may be affected by the new tariff system. The sector of pharmaceuticals, automotive components and solar equipment may be weak.

According to S&P Global report, capital goods, chemical, automobiles, food and beverages exports may face difficulty with tariffs. At the same time, there are some sectors on which the tariff is going to have very little effect. This includes telecom, IT, bank and real estate.

Pharmaceuticals – India, America almost 10 billion dollars Generic medicineEm Sends, which is 31-35 percent of the country’s pharma exports. If there is no relief on this, then American markets will not be able to get affordable medicines.

Textile or cloth – About 28 percent of India’s textile exports reach the US. In America, India had 10-12 percent tariff on clothes, but now 50 percent tariff has been done. This sector can withstand pressure.

Solar Equipment – The expectation of direct effect on the energy sector is very low. However, solar PV cells and modules exporters may face problems.

These sectors may have less effect due to tariffs

Some sectors can avoid the effect of tariff. IT, real estate, bank, power and capital goods will have a relatively less impact.

Trump gave relief to China, but India imposed more tariffs

US President Trump has imposed tariffs on many countries, but has increased considerable pressure on India. Trump is angry due to India buying oil from Russia. The important thing is that China also buys oil from Russia, but has imposed less tariffs on it.