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US President Donald Trump had announced a 25 percent additional tariff on India. The deadline of the tariff ends on Wednesday (August 27). India has now been charged a total of 50 percent tariff. Due to the new tariff system, India may have to suffer losses in some sectors. Along with India, Brazil has the highest tariff.
The US Home Ministry said in its order issued on Monday, ”The increased tariff will apply to the Indian products that have been brought (in the country) or extracted from the warehouse on August 27, 2025, or after ‘Eastern Dayt Time’ (EDT) at 12.01 pm or after consumption. Provided that they have been approved for use in the country.”
Trump’s tariff may affect these sectors of India
India’s textile sector may be affected by tariffs. America from the country 1A cloth of $ 0.9 billion is exported. This includes the entire textile sector. Talking about diamond and jewelery, tariffs can also be affected on this sector of $ 10 billion. Machinery, equipment, agriculture, processed food, metal, carbon chemicals and handicraft industries can also be affected.
Exports may fall
Products are sent to America from cities like Tirupur, Noida, Surat and Visakhapatnam in India, but its exports can now be affected. Crisil Ratings issued a warning saying that the export volume of some goods can be reduced by 70 percent.
What did Prime Minister Modi say about America’s tariff
Trump announced a 25 percent counter -duty on India which 7 Came into effect from August. US President Expressing displeasure due to India’s buying oil from Russia, it was announced to impose 50 percent tariff, But the agreement was given 21 days to negotiate the agreement. Prime Minister Narendra Modi on Monday (2August 5) He had insisted that he could not compromise the interests of farmers, cattle rearers and small scale industries. They Also Said That the pressure on us may increase, but we will stay stuck.
