Hyd: Industry reacts to Trump's reciprocal tariff: Mixed impact across sectors
Hyderabad, April 3 -- The recent announcement by U S President Donald Trump imposing a 26 per cent reciprocal tariff on Indian exports has sparked mixed reactions across industries.
While experts believe some sectors will face significant challenges, others may find new opportunities amid shifting global trade dynamics.
Dr Suresh Kumar Singhal, President of Federation of Telangana Chambers of Commerce and Industry (FTCCI), noted that electronic goods and gems & jewelry exports would be the hardest hit due to the increased tariff burden.
However, he highlighted a silver lining-India could capitalize on the Chinese tariff of 34 per cent by capturing parts of China's market share.
He also emphasised that pharmaceutical exports, which amount to...
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