Importers of many Indian products will now have to pay 50 percent duties – making them more expensive to US consumers. The US is India’s largest trading partner.
India’s chief exports to the US include electrical machinery and equipment, precious stones and jewelry, pharmaceuticals, and textiles – with a total volume of nearly 80 billion dollars last year. Some sectors, including pharmaceuticals, remain duty-free. But others face a much harder exporting future to the US.
Delhi is torn – it’s not interested in cutting ties with Moscow, but it can also ill-afford to lose business in the US
0:00 US doubled its tariffs on India
2:15 Mohsin Raza Khan, Professor in Economics from O P Jindal University in Delhi
6:44 Amiti Sen, Associate editor at the Hindu Business Line, Delhi
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