US Tariffs May Impact Agri, Machinery, Pharma Sectors: Experts

Several Indian sectors, including agriculture, chemicals, pharmaceuticals, medical devices, electricals, and machinery, could face the impact of reciprocal tariffs if the US proceeds with new trade measures, experts have warned.

Analysts suggest that these industries may be subject to higher customs duties due to the tariff gap—the difference between the import duties imposed by India and the US on various products. The potential increase in tariffs is seen as part of the Trump administration’s push for balanced trade relations.

“The tariff differentials between India and the US vary across sectors, and those with a significant gap could be most affected,” an expert noted.

While there has been no official confirmation, businesses in these sectors are closely monitoring developments, as any tariff hikes could impact export competitiveness and trade flows between the two nations.