India, April 3 -- The 37% reciprocal tariff imposed by US President Donald Trump could be impacting India's exports, hitting multiple industries, a top Indian trade and tariff expert has said.
"It will be instructive to remember that 10% of the tariff imposition becomes effective from April 5 while 27% becomes applicable from April 9," Biswajit Dhar, Professor and Head of the Centre for WTO Studies at the Indian Institute of Foreign Trade, said.
The most impacted sectors on account of the US decision would be gems and jewellery, electronics and clothes, he said. "While Indian domestic sectors are protected from first-level effects, Indian textiles, electronics, and gems & jewellery exporters will be immediately impacted, as exporters wi...
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