On behalf of America, reciperoot tariffs were announced on more than 180 countries around the world including America. However, only 26% tariffs have been imposed on India as compared to China-Vietnam and other countries of the world. President Trump said that PM Modi is his good friend, but India was always very tough about America and did not do well. Therefore, he has imposed a 26% discounted tariff on India.

In such a situation, where the US has given great relief to some sectors of India by not putting tariffs, some sectors gave a big opportunity against other countries of the world.

Big opportunity for India

According to TOI, Agriculture Economist Ashok Gulati said that after Trump’s new tariff announcement, India has the ability to increase its agricultural exports further in the US and maintain it. He suggested that the US has put a huge tariff on its opposition countries. India must definitely take advantage of this situation.

Gulati said that the 26% discounted recipes installed by the Trump administration will have less impact against the important agricultural export goods such as fish, rice against the regional countries, which have been levied on which this huge tax has been levied.

On Thursday, the Indian pharmaceutical industry has expressed satisfaction that the US has decided to keep the drugs out of the tariff. Sudarshan Jain, Secretary General of the Indian Pharmaceuticals Alliance, mentioned the strong trade relations of the Indo-US through Mission 500, which aims to take trade between the two countries up to $ 500 billion.

Cloth and pharmaceutical industry

Tax partner of EY India Saurabh Aggarwal said that India’s pharmaceuticals are taking advantage of the exemption of sector reciperook tariff. In such a situation, by imposing tariffs on the rest of the countries, a big opportunity was created for this industry in India.

He informed that the tariffs on India’s goods have been imposed much less than China and Vietnam. Because of this, there is a tremendous opportunity for India from telecommunications to pharmaceuticals i.e. textile industry.

Significantly, 10% baseline tariffs will be imposed on all imported goods in America, which will directly affect more than 180 countries. Countries like China imposed 34% tariffs, 20% on European Union, 25% on South Korea, 46% on Vietnam, 32% on Taiwan and 10% on Australia.

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Global Stock Market: Reciperochl tariffs installed from the American side are seen having a direct impact on the Indian markets. The global market is seeing a huge decline after Trump’s announcement of tariffs on countries around the world, including 26% over India. It also has a widespread impact on Asian markets. The 30 -share BSE Sensex today opened at a decline of about 500 points. Whereas it closed at 76,617 on Wednesday a day earlier.

Similarly, in NSE’s Nifty-50, it is also opened at 23,150.30 with a decline of 200 points. A day before this, the Nifty was closed on the 23,332 index on Wednesday.

Trump has approved its decision to impose reciperook tariffs on more than 180 countries around the world, after which the shares of IT companies are seeing a decline. As soon as the market opens, the shares of TCS, Tech Mahindra and HCL Tail have fallen by 25 percent.

Japan’s Nikkei declined by 2.5% i.e. 225 index, while Hong Kong’s Hong Seng index has fallen by 1.80%. Similarly, South Korea’s KOSPI IDEX has fallen by 1.3%.

In fact, on Wednesday, Trump has announced to put reciperook tariffs on countries around the world. 34%on China, European Union: 20%, South Korea: 25%, India: 26%, Vietnam: 46%, Taiwan: 32%, Japan: 24%, Thailand: 36%, Switzerland: 31%, Indonesia: 32%, Malaysia: 24%, Cambodia: 49%, Cambodia: 49%, United Kingdom: 10%, South Africa: 30%, Brahmil: 10%, 10%, Bangladesh: 37%, Singapore: 10%. Israel: 17%. Philippines: 17%, Chile: 10%, Australia: 10%, Pakistan: 29%, Turkish: 10%, Sri Lanka: 44%, Colombia: 10%tariff.

President Trump said that India’s business trek has been very tough about America. He cited PM Modi and said that he is our good friend, but I told him- you are our friend, but you are not behaving well with America. They are charging 52% on us. You have to understand that we did not charge anything for many years and decades. And this happened when I came to American power seven years ago and started it on China.

In his address to the White House, Trump said- My American colleagues, this is the liberation day which was waiting for a long time. On 2 April 2025, the US industry will be re -remembered for rebirth, after which the US -rich campaign was again started. Trump further said that the taxpayers had been cheating for more than 50 years for a long time. But now it is not going to be further. The board, led by Trump, decided to impose 52% US tariffs on India and the duskated recipe will be imposed 26%.

Also read: From medicine to steel and jewelery …, how is the impact of 26% discounted recipe of America on India?