U.S. Tariffs Impact on Indian Exports

• The U.S. imposed 50% tariffs on India’s imports, causing significant economic and government disruptions.

• Major impact expected on sectors like shrimp, diamonds and jewellery, textiles and apparel, and carpets due to tariffs rising up to 60%.

• Production cuts, price falls, and downsizing are reported in these sectors.

• The U.S. forms a significant part of a sector’s total exports, and high tariffs are likely to cause significant pain.

• The U.S. is likely to be the worst-hit sector due to the increased tariffs.

• The textiles and apparel exports sector is likely to be the worst-hit, with tariffs rising from 2.1% to 52.1%.

• Other sectors affected include handicrafts, leather and shoes, furniture and bedding, and agricultural products.

• Organic chemicals export to the U.S. stands at $2.7 billion, with 54% import tariffs.

• Steel, aluminium, and copper exports to the U.S. are critical for hundreds of SMEs in the Delhi-NCR engineering belt and eastern foundry hubs.

• Machinery and mechanical appliances exports to the U.S. are expected to face a drop in demand.

• The government is working on a multi-ministry plan to ease the short-term pain of exporters and diversify their export destinations.

• The Reserve Bank of India Governor Sanjay Malhotra has stated that the central bank is ready to provide any help it can.

Impact of U.S. Tariffs is important topic for Civil service exam (WBCS).

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