50% tariffs imposed by US President Donald Trump have become effective from today. This penalty has been implemented on India due to purchasing oil from Russia. However, the news of relief is that pharma, auto, auto parts and metal sectors have been exempted from this tariff. The pharma sector has been exempted from India in view of the huge demand for Generalic medicines and life-saving drugs from India. At the same time, vehicles and light trucks of companies like Tata Motors and Mahindra are also out of penalty. Metals like steel, aluminum and copper are also free from this tariff, which will provide relief to JSW Steel, Hindalco and Tata Steel. At the same time, Textiles, Shrimp and James and Jewelery sectors will have a huge impact. Now it has to be seen how long India can take advantage of this exemption and strengthen its position in the global market.
America’s 50% Tariff Penalty Apply – Pharma, Auto and Metal Sector great relief! Paisa Live | America’s 50% Tariff Penalty Implemented – Big Relief to Pharma, Auto and Metal Sector!
