Gems, gadgets and grocery items: Which goods will be expensive after Trump’s tariff step?
New Delhi: US President Donald Trump has introduced a comprehensive tariff regime that impresses trade with 180 countries, paying a minimum 10 percent duty on almost all goods entering the United States. This step, effective from April 2, is one of the most aggressive changes in the recent history of American trade policy.
India, one of the countries directly in Crosshare, now face 26 percent duty on all exports to the US. Citing a $ 46 billion trade deficit with New Delhi, the Trump administration defended tariffs as “mutual”, which sees unfair obstacles for American products entering India. Officials pointed to significant inequalities: While Indian vehicles face only 2.5 percent tariffs in the US, American cars entering India are taxed up to 70 percent. Similarly, Indian rice and apples enjoy minimal tariffs in the US in the US compared to the steep duties levied by India on their American counterparts.
Tariff steps are already sending shockwaves through many industries. Indian exports of gems and jewelery – which makes about 13 percent of the country’s outbound trade in the US – is expected to take the most difficult hit. According to trade analysts, gold prices can put pressure on the region.
What is the possibility of getting more expensive
- Other Indian exports such as textile, engineering goods, electronics and seafood are also under stress. Ajay Bagga, an experienced market analyst, said that exporters in these areas are likely to feel the immediate financial impact of tariff growth.
- Global brands are also caught in the result. Trump slaps 46 percent duty on goods from Vietnam, the cost of manufacturing sneakers for brands such as Nike and Adidas – both of the two rely on the Vietnamese production lines – expected to grow rapidly. According to a report by Bloomberg, about half of the nike shoes and more than a quarter of adidas products are made in Vietnam.
- Tech giant is also facing pressure related to Apple Tariff. The major product lines of the company – including iPhones, AirPods, iPads, and Macbooks – are now manufactured in new countries facing new
Tariff us This includes Vietnam, Malaysia, Thailand and Ireland, which means that Apple may have to increase prices globally, including India, so that additional costs can be offset. - In the auto sector, new tariffs on imported vehicles, parts, steel and aluminum are expected to make car, heavy machinery and equipment more expensive for American consumers.
- Meanwhile, Indian exports of basmati rice, shrimp, and buffelo meat -are facing uncertain -futures -now are facing uncertain futures because buyers in the US weigh the implications of new costs.
While the White House insisted that the purpose of measures is to restore fairness in global trade, industry leaders and economists have warned that tariffs can trigger retrievable functions from affected countries, tension in supply chains, and increase prices for everyday goods.
