Ludhiana, Aug. 7 -- The United States' announcement to impose an additional 25% tariff on Indian exports, bringing the total tariff to 50%, triggered a mixed response from Ludhiana's industrial and export community on Wednesday.
While some see it as a blow to India's global competitiveness, others believe the local economy may be insulated due to limited exposure to the US market.
World MSME Forum president Badish Jindal expressed concern over the move, stating that such high tariffs diminish the commercial viability for American buyers sourcing from India. "Once tariffs cross 25%, it's no longer feasible for US importers to buy from India. Our competitors, like Bangladesh and Vietnam, enjoy much lower tariffs," he questioned.
However,...
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