By Admin 
US President Donald Trump had announced a 50 percent tariff on India, which is going to be implemented from Wednesday (August 27). Trump has imposed 25 percent additional tariffs on India. He has imposed an additional tariff on India due to buying oil from Russia, which India repeatedly justified. If analysts are to be believed, then it is not going to have much effect on India.
According to IANS Global reports say that a total of 50 percent tariffs are unlikely to have any significant impact on India due to strong domestic demand. Labor-headed textiles and gems and jewelery sectors are expected to have moderate effects, but pharmaceuticals, smartphones and steel are currently safe due to discounts, existing tariffs and strong domestic demand.
Big things related to new tariff system
- According to the draft notice of the US Homeland Security Department, the new tariff system will be implemented on August 27, 2025 from 12.01 pm. Now the goods imported from India will be taxed more.
- Indian exporters are struggling with the possibility of decline in order after the US’s decision to implement 50% tariffs. However, an official told the Reuters that such exporters could get financial assistance. Now Indian exporters are exploring possibilities in markets like China, Latin America and Middle East.
- Prime Minister Modi, while referring to the American tariff in Ahmedabad on Monday (August 25), said that India is ready to face pressure. He said that the interest of farmers, cattle rearers and small scale industries is his priority.
- PM Modi emphasized on Swadeshi in Gujarat on Tuesday (August 26) and said, “My definition of Swadeshi is simple. I have no concern for whose money it is, whether it is dollar or pound, or where it comes from. The important thing is that hard work should be Indian.”
-
America’s tariffs on India are being implemented after the five round of trade talks that lasted for several months, in which both sides were not successful in trade deals.
-
According to S&P global ratings, the economic impact of tariffs will be reduced by the large size of India’s domestic market.
-
The report states that chemicals, automobiles and exports of food and beverages will face the most difficult adjustment.
-
America is the largest textile export place in India. After China and Vietnam, India is the third largest exporter to the US, with 9 percent stake.