“Liberation Day” of US President Donald Trump “reciprocal tariffs announced that on Wednesday they had disrupted all expectations of any relief from trade policy that had for weeks. India would face 26% of tariff rates except the basic tariff 10%.
Mr. Trump claimed that India had subjected us to 52% of the rates, unlike Washington, “almost nothing for years and years and decades”. A similar idea was also cited in the report of the US sales representative (Ustr) about the obstacles of foreign trade presented by 31 March. Based on the concerns emphasized in the report, initial observations and industries emphasized in the fact sheet, we present some industries that may or may not be affected recently announced measures:
Medical
The White House charged India “uniquely burdensome and/or duplicate requirements for testing and certification” before they were allowed to sell their chemicals, telecommunications products and medical devices in India. The Ustr report has developed the Criteria for Indian Standards (BIS), which strives to comply with the regulations, is not fully equal to international standards. Furthermore, he believed that they did not prove that they were “ineffective or inappropriate”.
According to the White House, US exports of these products would increase by at least $ 5.3 billion if the obstacles were removed.
Regarding the impact on the sector back home, the NATH parades, the forum coordinator in the Association of Indian Indian Industry (focused), tariffs can represent a “significant challenge” for sector growth. India is recognized as its cost -effective and high -quality medical devices, especially in the high -value category with a high -volume value. “The tariff may have an impact on the export of the equipment and we have to explore the window of opportunities from places where we seek to diversify our dependence on the supplier chain on one nation,” said Mr. Nath. In addition, Himanshu Baid, CEO of PolyMedicure manufacturer of the equipment, held the primary obstacle to the country, which meant non -tariff barriers than the barriers themselves. “The US regulators are steep, with the cost of FDA approval ranging from $ 9,280 to more than $ 540,000, while US exporters face relatively minimal costs when entering India,” underlined.
Telecommunications and network devices
The White House charged India from the collection of 10-20% to network switches and routers compared to the Nile throughout the Atlantic. His concerns in the area were similar to the nature of the medical means. However, the opinion is divided back into the potential impact of tariffs.
According to Professor NK Goyal, Emerita President in the Indian Association of Telecommunications (Tema) manufacturers, the cell phone and telecommunications equipment would have no problems if the obligations were reduced to zero. He explained that IT equipment is already part of the WTO agreement, most of them relate to zero obligation and from now on mobile phones attract 20%. As far as telecommunications equipment is concerned, Professor Goyal held telecommunications equipment previously from China, which is now not happening. “We do not see it as a big challenge (reducing duties for zero) because the US does not export telecommunications equipment to India, but components and raw materials,” Hindu said.
However, the TRIVEDI Konark, the founder and CEO with the manufacturer of FROs Cells, however, arrested the tariff regime, but could increase the cost of the manufacturer, disrupt supply chains and create uncertainty for companies. “Due to the telecommunications infrastructure, it also relies on the complex ecosystem of the components, many of which are balanced globally, such tariffs would inevitably increase operating costs and reduce the competitiveness of Indian companies in international markets,” he said.
Gems and jewelry
The Council for Promoting the export of gem and jewelry (GJEPC) has concluded that tariffs are likely to “significantly affect” the sector. In addition, Paresh Parekh, partner and retail tax leader in EY India has suggested a potential “unfavorable impact” that could be reflected in the risk of loss of employment and erosion margins. He stressed that in recent years the sector has winded stress to change customers’ preferences, increasing gold prices and competition of polishing from other countries, among other things.
GJEPC stressed that they expect calls to maintain the current export volume of approximately $ 10 billion for us “We call on the Indian government to advance with us in a bilateral trade agreement, because it would be essential in navigation on customs issues and ensuring the long -term sector’s interest”.
Cars
The White House noted that the European Union (10%) and India (at 70%) impose “much higher obligations” on similar imports. The latest round of tariffs is looking for weights.
However, Rajesh Menon, CEO of Indian car manufacturers (Siam), explained that the order does not include cars because they were already subject to tariffs from 232 25%, which announced 26 March.
The same paradigm was also applied to automotive components.
Textile
According to Paresh Parekh, the tariff regime is the opportunity for the Indian textile sector to increase its market share in the US. He watched Indian compatriots in an empire subject to larger tariffs. This meant Bangladesh (37%), Vietnam (46%), Cambodia (49%), Pakistan (29%), China (54%) and Sri Lanka (44%).
However, Mr. Parekh warned: “If consumption is slowed down due to higher prices, the overall US market can reduce itself.”
Published – April 4 2025 22:57 is
