India's market can move by 25% tariff of Trump, where does the effect of electronics go to the car sector?

The US president has announced a 25 percent tariff on India. This will make the goods expensive to America and have a major impact on Indian businesses. The gift Nifty also saw a major decline as the tariff increased. The gift that Nifty dropped by 174 points to 24,860. Apart from the Trump tariff, the US president also spoke of the imposition of a fine on India. Increasing rates will have a profound impact on Indian exporters such as car, pharmaceuticals and jewelry and jewelry. Experts believe that this tariff can also put pressure on India’s economy and the price of rupee. Textile and garment industry America is the largest textile, shoes and shoes in India. Rates of up to 25% can cost these Indian products, which causes a huge shock. Jewelry and diamond industry India is one of the world’s most important diamond exporting countries. 25 percent of rates can raise prices in the US market, which could reduce demand. Car and auto parts industry is already 25% tariff on steel and aluminum. If up to 25% tariff is also imposed on the car sector, Indian car exports can get a major setback. Mobile, electronics and chemical industry export mobile, telecommunications and electronic goods from over $ 14 billion to the US. Rates can increase the prices of these products and reduce exports. The US had earlier asked Apple to stop making phones in India. Understand at a glance that Indian industries associated with exports should face challenges. The current trade of approximately $ 30 billion will be affected, which is expected to reduce India’s GDP from 0.19% to 0.9%. Electronics, cars, jewelery and jewelry and pharmaceutical areas will be most affected by the industries involved. Increasing costs in manufacturing can reduce production and delay the business. The direct impact on IT and service sectors will be less. By placing rates on Indian products for US consumers, consumer prices can increase by 1.5%, which is likely to negatively affect the US economy through inflation. Trump’s decision will affect Indo-American trade talks, causing further discussions about the trade agreement. Donald Trump has given the sign a few days ago that the trade agreement between India and the US is not finalizing, India will have to pay up to 25% rates. He gave this information to reporters in an interview on Tuesday. Share this story -tags