100% US tariff law raises India export concerns
The recently enacted US law enabling President Donald Trump to impose tariffs up to 100 percent on Indian goods has raised significant concerns among Indian exporters. The uncertainty surrounding the trade relations between the two nations is creating a tense atmosphere, with exporters unsure of how the potential duties would impact their businesses.
The Federation of Indian Export Organisations (FIEO) President SC Ralhan expressed deep worry, stating that such high tariffs could halt exports to the US entirely. However, the exact impact on Indian exports can only be gauged after the US announces the tariff rate, product coverage, and implementation schedule. The Russia-Ukraine war and the West Asia crisis have already led to a surge in raw material prices and transportation costs, further complicating the situation.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
