By Admin 
Donald Trump Reciprocal Tariff: US President Donald Trump’s reciperock tariff will affect many countries around the world including India. This will not only affect the economy of countries, but many things that reach the common man will also become expensive. The biggest thing is that this effect will not be on only India or those countries, on which America will apply reciperook tariff. Rather, it will also affect American citizens. Let us understand in detail which sector of India will be the most affected by Donald Trump’s reciperook tariff.
How much loss to India?
According to the new report by Motilal Oswal, the impact of reciperook tariff on India’s economy will be very limited. Actually, the tariff gap between India and the US is 9 percent, which is the highest in the world, but still the impact on GDP will be only 1.1 percent. According to the report, India’s total export of $ 42.2 billion may be affected, but it is only 1.1 percent of GDP.
Which sectors will affect?
These industries of India can be the most affected by reciperook tariff. That is, reciperoch tariffs can directly affect the profits of companies working in these sectors. Apart from this, employment related to them can also be affected. At the same time, by applying more tariffs by the US, the products of these sector companies will become expensive in the US than before, which will directly affect the pockets of American citizens.
These sectors are-
Electrical machinery
Jewelry and jewelery
Pharma product
Machinery for nuclear reactor
Iron and Steel
C-food
Indo-US trade condition
According to the TOI report, India’s export can be reduced by $ 3.6 billion due to increase in tariffs. But this is just equal to 0.1 percent of GDP. Talking about 2024, this year India-US bilateral trade reached $ 124 billion. In this, India exported $ 81 billion to the US. While imported 44 billion dollars. That is, India got a trade surplus (profit) of $ 37 billion. Interestingly, America’s trade deficit (deficit) does not come in the top 10 with India. That is, it is clear that Trump’s anger will be more on India, China, Mexico and Canada.
There will be less impact on these sectations
Tariffs on agriculture and dairy products may take more, but their exports are only 0.5 billion dollars, so they will not be affected much. Apart from this, increasing the tariff on energy, metal and auto sectors will also harm America, so they are in safe zone.
Also read: Elon Musk’s agency took the decision to shake the world! Doge said stop usaid