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.

US President Donald Trump’s 50% tariff’s decision has made a major impact on Indian exporters. American retail companies like Amazon, Walmart, Target and GAP have stopped Textile and Apparel orders from India. According to media reports, these companies have sent emails and letters and asked Indian Exporters to stop the shipment – until the new order comes. Us is the largest market in Textile and Apparel Export in India. But now these companies do not want to bear the increased tariffs themselves and are putting a full burden on Indian Exporters. This has increased the cost from 30% to 35%. outcome? Orders going to America can have a cut of 40% to 50% – which can lead to loss of $ 4 to $ 5 billion to India. Its biggest benefit is being provided to countries like Bangladesh and Vietnam, where the tariff is just 20%. India’s cost has increased much as compared to these countries, which are proving to be expensive in Indian products in the American market. This situation is an alarm for the Textile Sector of India-if the policy and support did not come in time, then our Export-Driven industry may suffer heavy losses.