Trump's reciprocal tariff will have biggest impact on these things!
US President Donald Trump's reciprocal tariff will affect many countries around the world, including India. This will not only affect the economy of the countries, but many things reaching the common man will also become expensive. The biggest thing is that this effect will not only be on india or those countries on which America will impose reciprocal tariff. Rather, it will also affect American citizens. Let us understand in detail which sector of india will be most affected by Donald Trump's reciprocal tariff.
How much loss to India?
According to Motilal Oswal's new report, the impact of reciprocal tariff on India's economy will be very limited. Actually, the tariff gap between india and America is 9 percent, which is the highest in the world, but still the impact on GDP will be only 1.1 percent. According to the report, India's total exports of $ 42.2 billion may be affected, but this is only 1.1 percent of the GDP.
Which sectors will be affected?
These industries of india can be most affected by reciprocal tariff. That is, reciprocal tariff can have a direct impact on the profits of companies working in these sectors. Apart from this, employment related to these can also be affected. At the same time, due to higher tariffs imposed by America, the products of companies in these sectors will become more expensive in the US than before, which will directly affect the pockets of American citizens.
These sectors are- Electrical machinery, Jewellery, Pharma products, Machinery for nuclear reactors, iron and steel and sea food.
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