US tariffs may impact agri, machinery, pharma, electrical, chemical sectors: Experts

NEW DELHI: (Apr 2) Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts.

They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product.

At the broad sector level, the potential tariff gaps between India and the US vary across the sectors.

Source: PTI News

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