Arundhati Nautiyal
The US has imposed a 26 per cent reciprocal tariff on India
Washington: The US imposing retaliatory tariffs on Indian products may affect goods in sectors including agriculture, precious stones, chemicals, pharmaceuticals, medical devices, electrical and machinery
Due to the high duty differential, one may face additional customs duties from the US administration
The difference in chemicals and drugs is likely to be 8.6 per cent, plastics 5.6 per cent and textiles and apparel 1.4 percent
Diamond, gold and jewellery are likely to have an impact of 13.3 percent
Iron, steel and base metals likely to have an impact of 2.5 percent
Machinery and computers are likely to be affected by 5.3 percent, electronics by 7.2 percent
The vehicle and its components are taxed at 23.1 percent
The most affected sectors in agriculture will be fish, meat and seafood