Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home National

Commerce Min Working On Different Scenarios To Counter Possible Fallout Of US Tariffs | India News

by author
April 1, 2025
in National
0
Commerce Min Working On Different Scenarios To Counter Possible Fallout Of US Tariffs | India News
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter


The commerce ministry is working on different scenarios to counter the possible fallout of reciprocal tariffs to be announced by the Trump administration on April 2 on its key trading partners including India, sources said.

US President Donald Trump has said that April 2 will be ‘Liberation Day’ as he plans to announce tariffs or import duties to bring down America’s trade deficit, and promote the country’s manufacturing.

India and the US are also working on a bilateral trade agreement to promote two-way commerce and investments.

The domestic industry and exporters have raised concerns over the possible impact of the US’ reciprocal tariffs on India’s exports as the duties could make the goods uncompetitive in the global markets. The US is the largest trading partner of India.

Sources said that the impact of these tariffs may vary from sector to sector.

They added that the ministry is preparing different scenarios.

These scenarios would be important to help domestic companies deal with these duties as it is still uncertain about the quantum and the manner in which the US is planning to impose the tariffs.

According to the US Trade Representative’s (USTR) National Trade Estimate (NTE) Report 2025, India maintains “high” import duties on a wide range of American goods such as agricultural items, drug formulations, and alcoholic beverages, besides imposing non-tariff barriers.

The Indian industry and government officials are uncertain about the quantum of these duties.

It is still unclear how the tariffs will be applied – whether at the product level, sector level, or country level, another source said.

Currently, US goods face a weighted average tariff of 7.7 per cent in India, while Indian exports to the US attract only 2.8 per cent, leading to a 4.9 per cent difference. Indian farm exports to the US currently face a 5.3 per cent duty, whereas US farm exports to India face a much higher 37.7 per cent, creating a 32.4 per cent gap.

Trade experts said that at the broad sector level, the potential tariff gaps between India and the US vary across the sectors.

The gap is 8.6 per cent for chemicals and pharmaceuticals, 5.6 per cent for plastics, 1.4 per cent for textiles and clothing, 13.3 per cent for diamonds, gold, and jewellery, 2.5 per cent for iron, steel, and base metals, 5.3 per cent for machinery and computers, 7.2 per cent for electronics, and 23.1 per cent for automobiles and auto components.

The higher the tariff gap, the worse affected a sector will be, think tank GTRI Founder Ajay Srivastava has said.

India’s exports to the US span 30 sectors, with six in agriculture and 24 in industry, each facing different tariff impacts.

Experts have stated that agri sectors which could be impacted more due to the imposition of reciprocal tariffs include fish, meat, processed seafood, shrimp, sugar, cocoa, rice, spices, dairy products, edible oils, wines, and spirits.

Similarly, industrial goods which could attract these duties and may get impacted include pharmaceutical sector, diamonds, electrical and telecom equipment, machinery, boiler, turbine, computer, certain chemicals, textiles, fabrics, yarn, carpets, tyres, and footwear.

Further, sources said that Indian companies too have flagged certain non-tariff barriers which they face in the US.

The barriers include the US banning export of wild-caught shrimp from India on the grounds that Indian trawler vessels were not using Turtle Excluder Devices; private standards of American companies; and high registration costs for sectors like pharma.

The commerce ministry is developing a portal for registering non-tariff barriers (NTBs) faced by exporters and taking up with the concerned countries for their resolution.

“The portal is currently working on beta mode. It may take about two months for formal launch. One of the sections of the platform will be opened for the public also,” one of the sources said.

Cases where the barrier is impacting a large volume of goods will be prioritised for their redressal.



Source link

Related posts

UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

July 7, 2025
BRICS Leaders Strongly Condemn Pahalgam Terror Attack, Reject ‘Double Standards’ In Countering Terrorism | India News

BRICS Leaders Strongly Condemn Pahalgam Terror Attack, Reject ‘Double Standards’ In Countering Terrorism | India News

July 7, 2025
Tags: indian newsnational news
Previous Post

'Tejashwi Has Set Benchmark, Opposition Struggling To Catch Up: RJD MP Manoj Jha | India News

Next Post

Controversial Preacher Bajinder Singh Sentenced To Life Imprisonment: The Conversion Issue in Punjab | India News

Related Posts

UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support
National

UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

July 7, 2025
BRICS Leaders Strongly Condemn Pahalgam Terror Attack, Reject ‘Double Standards’ In Countering Terrorism | India News
National

BRICS Leaders Strongly Condemn Pahalgam Terror Attack, Reject ‘Double Standards’ In Countering Terrorism | India News

July 7, 2025
Amarnath Yatra 2025: Over 26,800 Devotees Complete Journey In 2 Days, Fresh Batch Of 6,979 Leaves For Kashmir | India News
National

Amarnath Yatra 2025: Over 26,800 Devotees Complete Journey In 2 Days, Fresh Batch Of 6,979 Leaves For Kashmir | India News

July 5, 2025
BKTC’s Vikram Rawat Among 7 Killed In U’khand Helicopter Crash Near Kedarnath | India News
National

BKTC’s Vikram Rawat Among 7 Killed In U’khand Helicopter Crash Near Kedarnath | India News

June 15, 2025
The Third Eye: Envisioning India’s National Security Policy | India News
National

The Third Eye: Envisioning India’s National Security Policy | India News

June 15, 2025
‘Unite For Freedom From Evil And Oppressive Regime’: Israel PM Netanyahu Tells Iranians | India News
National

‘Unite For Freedom From Evil And Oppressive Regime’: Israel PM Netanyahu Tells Iranians | India News

June 14, 2025
Next Post
Controversial Preacher Bajinder Singh Sentenced To Life Imprisonment: The Conversion Issue in Punjab | India News

Controversial Preacher Bajinder Singh Sentenced To Life Imprisonment: The Conversion Issue in Punjab | India News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

India, Thailand Support Free, Inclusive, Rules-Based Order In Indo-Pacific: PM Modi | India News

India, Thailand Support Free, Inclusive, Rules-Based Order In Indo-Pacific: PM Modi | India News

3 months ago
TRAGIC! 3-year-old, four others killed in mass shooting in Britain | World News

TRAGIC! 3-year-old, four others killed in mass shooting in Britain | World News

4 years ago
China paying dearly for its friendship with Pakistan? Demands to designate Chinese Communist Party as ‘terror outfit’ grow | World News

China paying dearly for its friendship with Pakistan? Demands to designate Chinese Communist Party as ‘terror outfit’ grow | World News

5 years ago
Not going to lead any front against BJP, says NCP chief Sharad Pawar on Opposition unity to take on ruling alliance at Centre | India News

Not going to lead any front against BJP, says NCP chief Sharad Pawar on Opposition unity to take on ruling alliance at Centre | India News

3 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
  • UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support
  • Why Argentina Collapsed 7 Times? PM Modi’s Visit Revives The Story Of A Fallen Nation That Was Richer Than Europe | World News
  • Indians In UAE Gave Up Citizenship, Paid Big For ‘Second Passport’ – Now The West Is Locking Them Out | World News
  • Aamir Khan to be honoured at IFFM 2025 with retrospective and Sitaare Zameen Par spotlight : Bollywood News

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

[email protected]

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In