💨 Abstract

The US administration plans to impose reciprocal tariffs on key trading partners, including India, from April 2. These tariffs could make Indian exports uncompetitive and affect various sectors like agriculture, pharmaceuticals, and automobiles. The Indian commerce ministry is preparing different scenarios to assess the impact and help domestic companies deal with these duties. The US imposes higher tariffs on Indian farm exports compared to Indian exports to the US.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖