Trump's Tariff Tussle: India Faces 26% Blow, But Pharma and Tech Sectors Dodge the Bullet
Key Points: Tariff Details : The US has imposed a 26% reciprocal tariff on all Indian exports, except for specific sectors like copper, pharmaceuticals, and semiconductors. Exempted Sectors : Pharmaceuticals : A significant relief for India's pharmaceutical industry, which exports $8.7 billion worth of products to the US. Semiconductors : Essential for electronics manufacturing, their exemption could help maintain India's competitive edge in tech exports. Copper : Used in various industries, its exemption may support manufacturing sectors reliant on this metal. Impact on Indian Exports : Electronics and Gems & Jewellery : These sectors are expected to be heavily impacted, with $14 billion and $9 billion worth of exports, respectively. Agriculture : Despite tariffs, India's agricultural exports might remain stable due to higher tariffs on competing nations. Trade Dynamics : The tariffs aim to address trade imbalances, with the US having a $46 billi...