Govt carefully examining implications of US reciprocal tariffs on India

New Delhi: The Department of Commerce is carefully examining the implications of the US reciprocal tariffs on India and is engaged with all stakeholders, including domestic industry and exporters to seek their feedback on the issue, an official statement said on Thursday.
The commerce ministry said that it is also studying the opportunities that may arise due to this new development in the US trade policy.
US President Donald Trump has announced the imposition of additional ad-valorem duties ranging from 10 per cent to 50 per cent on imports from all trading partners.
The baseline duty of 10 per cent will be effective from April 5 and the 27 per cent from April 9. Certain sectors are exempted from these duties include pharma, semiconductors and energy products.
“The Department of Commerce is carefully examining the implications of the various measures/ announcements made by the President of the USA,” it said.