US tariffs will affect many sectors in India! Agriculture, machinery, medicine, electrical sectors will be affected

The US imposition of retaliatory tariffs on Indian products could impact goods from sectors including agriculture, precious stones, chemicals, pharmaceuticals, medical equipment, electrical and machinery.

Experts said this

Experts say that these sectors may face additional customs duty from the US administration due to high duty difference. 'High duty difference' is the difference between the import duties imposed by the US and India on a product.

Tariffs vary in different areas

At a broad sectoral level, the potential duty differential between India and the US varies across sectors. The differential is 8.6 per cent on chemicals and pharmaceuticals; 5.6 per cent on plastics; 1.4 per cent on textiles and apparel; 13.3 per cent on diamonds, gold and jewellery; 2.5 per cent on iron, steel and base metals; 5.3 per cent on machinery and computers; 7.2 per cent on electronics and 23.1 per cent on vehicles and their components. "The higher the duty differential, the more the sector will be affected," said an exporter.

Shrimp is a major US export

According to an analysis by the Global Trade Research Initiative (GTRI), an economic research institute, the most affected sector in agriculture will be fish, meat and processed seafood. Its exports were $2.58 billion in 2024 and it will face a duty difference of 27.83 percent. Shrimp, which is a major US export, will become much less competitive due to the imposition of US tariffs.

Read More: US News: America will give money and tickets to illegal immigrants to go back, President Trump made a big announcement