According to trade experts 37% reciprocal tariff imposed by US President Donald Trump will impact India’s exports. This will hit multiple industries a top Indian trade and tariff expert has said.
`It will be instructive to remember that 10% of the tariff imposition becomes effective from April 5 while 27% becomes applicable from April 9,” Biswajit Dhar, Professor and Head of the Centre for WTO Studies at the Indian Institute of Foreign Trade, said.
Most effective sector with these Tariffs would be gems and jewelry, electronics and clothes. While Indian domestic sectors are protected from first-level effects, Indian textiles, electronics, and gems & jewelry exporters will be immediately impacted, as exporters will bear the brunt of the increased costs,” he told this reporter.