US President Donald Trump’s “Liberation Day” mutual tariff on Wednesday announced that any relief expectations from the trade policy were fulfilled, which has now uncontrolled the markets for weeks. India will face 26% tariff rates in addition to baseline tariffs of 10%.
Mr. Trump argued that India subjected us to 52% tariff rates contrary to Washington’s charge, “almost nothing for years and years and decades”. A similar notion was also quoted in the US Trade Representative (USTR) report on foreign trade obstacles on 31 March. Based on the concerns exposed in the report, the initial comments and regions revealed in the fact sheet, we list some industries that may or may not be affected by recently announced measures:
Medical equipment
The White House accused India of “uniquely burden and duplicate testing and certification requirements before allowing India to sell its chemicals, telecommunications products and medical devices in India. The USTR report expanded the norms of the Indian standards (BIS) Bureau (BIS) criteria, which seeks compulsory compliance, does not fulfill fully, it is believed that it is not fulfilled with international standards. Do not display about “being ineffective or inappropriate”.
According to the White House, US exports of products mentioned will increase by at least 5.3 billion dollars if obstacles are removed.
On the influence of the Forum Coordinator, Rajiv Nath, Rajiv Nath, the forum coordinator of the Indian Medical Equipment Industry (AIBED) Association, can create a “important challenge” for the development of the tariff region. India is recognized for its cost-effective and high quality medical devices, mainly in the low-volume high value consumable category. “Tariff may probably affect the export of the device, and we have to detect the window of opportunities from places where we are demanding to diversify its supply chain dependence on any one nation,” said Mr. Nath. In addition, the managing director of the device manufacturer Polymedicure, Himanshu Bad, fulfilled the country’s primary hurdle to complete non-tariff obstacles compared to obstacles. “Regulatory barriers in the US stand up, the cost of FDA’s approval ranges from $ 9,280 to more than $ 540,000, while American exporters face relatively minimal costs when entering India,” he underlined.
Telecom and networking equipment
The White House accused India of tariff of 10–20% on a networking switch and router tariff compared to Nil in Atlantic. Its concerns in the realm were of nature similar to medical devices. Back home, however, is divided on the potential effect of Rai Tariff.
According to Professor NK Goyal, Emeritus, President of Telecom Equipment Manufacturing Association of India (TEMA), mobile phones and telecom equipment industry will not have any problem if duties were reduced to zero. He said that these devices are already part of the WTO agreement, most of them have been covered under zero duty and so far mobile phones attract 20%duty. With respect to telecommunications equipment, Professor Goyal had earlier coming from China coming from China which is no longer happening. “We do not see it as a major challenge (to reduce duties up to zero) as the US is not exporting telecom equipment to India, but components and raw materials,” he said. Hindu,
However, the founder and managing director Konark Trivedi with equipment manufacturer frog salesut assured the tariff regime, can increase the cost for manufacturers, can disrupt supply chains, and create uncertainty for businesses. He said, “Further, telecommunications depend on a complex ecosystem of infrastructure components, many of which are exported globally, such tariffs will essentially increase operational expenses and reduce the competition of Indian firms in international markets,” he said.
Gems and Jewelry
Mani and Jewelery Export Promotion Council (GJEPC) organized a tariff, which is likely to “influence” the region. In addition, Paresh Parekh, a partner and retail tax leader in EY India, suggested a possible “adverse effect”, which can translate job loss and margin erosion. He said that the region was already changing the customer preferences due to the change in stress in the last few years, to shine from other countries from other countries, raising gold prices and shining from other countries between other factors.
GJEPC underlined challenges to maintain the current export quantity of the country to maintain the current export volume of about $ 10 billion, ”
Automobile
The White House noticed that the European Union (at 10%) and India (at 70%) apply “too much duties” on imports of similar vehicles. The latest rounds of tariffs are thus looking for weight equal.
However, Rajesh Menon, Director General of the Society of Indian Automobile Manufacturers (SIAM), said that the order does not include automobiles as they are already subject to Section 232 tariffs of 25%, declared on 26 March. “We do not expect any significant impact on the Indian automobile industry because we monitor the situation,” he said.
The same paradigm also applies to automobile components.
fabric
According to Paresh Parekh, the Tariff regime gave an opportunity to increase its market share in the US for the Indian textile sector, which he saw that he was subject to more and more tariffs in the compatriot region of India. It entered Bangladesh (37%), Vietnam (46%), Cambodia (49%), Pakistan (29%), China (54%) and Sri Lanka (44%).
However, Mr. Parekh warned, “If there is a slowdown in the US due to high prices, the overall American market can shrink.”
Published – 04 April, 2025 10:57 pm IST
