New Delhi, Aug. 8 -- The recent move by the U.S. President to raise tariffs on Indian goods to 50 per cent, on top of the existing Most Favoured Nation (MFN) import duties, is set to hit several Indian export sectors hard, according to a report by the Global Trade Research Initiative (GTRI).

The report highlighted that while the impact will vary across sectors, some of India's largest export categories may see a sharp fall in shipments to the U.S.

GTRI stated "This decision makes India one of the most heavily taxed U.S. trading partners, worse off than China (30 per cent) or Vietnam (20 per cent), and on par with Brazil".

Very high impact sectors include Shrimps, Organic Chemical, Carpets, Apparel, Diamond and Gold Jewellery.

The repo...