New Delhi, April 3 -- According to the new U.S. trade policy announced by President Donald Trump on Wednesday, the amount a country pays in tariffs will depend on the type of goods being exported and their origin, says GTRI founder Ajay Srivastava.

Firstly, some goods will face zero tariffs, these include essential and strategic items such as pharmaceuticals, semiconductors, copper and energy products like oil, gas, coal and LNG.

Only the non-U.S. portion of products having 20 percent or more U.S.-made content will be taxed. Also, low-value shipments under USD 800, which mainly cover e-commerce orders, will be taxed at old tariff rates.

Secondly, a 25 percent tariff will apply to key industrial sectors, such as aluminium, steel, automo...