New Delhi, April 3 -- India is not so badly impacted by the imposition of tariffs by the US, which were announced by President Donald Trump on April 2, said ASSOCHAM president Sanjay Nayar.

Speaking to ANI on the possible impact of the tariffs, ASSOCHAM's Nayar highlighted the fact that the Indian economy is more inward-looking compared to its peer Asian markets.

ASSOCHAM president Sanjay Nayar said, "Looking at the tariffs, I think we are not as badly impacted; the 26 per cent tariff number looks steep, but when you look at it relative to other Southeast Asian countries, then it looks better."

The import tariffs on other major countries are China (34 per cent), the European Union (20 per cent), Vietnam (46 per cent), Taiwan (32 per ce...