New Delhi, Aug. 13 -- More than half of the total export value of India's merchandise to the US is set to be impacted by Washington's reciprocal tariff move, the Union finance ministry informed Parliament on Tuesday. It also clarified that the fresh tariff move was not applied to India's export of pharmaceutical and electronic goods to the US. "It is estimated that around 55% of the total value of India's merchandise exports to the US is subject to this reciprocal tariff," Union minister of state for finance Pankaj Chaudhary said in a written response to a question from Lok Sabha MP Abhishek Banerjee. The government also highlighted that the impact of tariffs on different goods is estimated on factors involving product differentiation, dema...