Donald Trump’s decision to impose these tariffs has led to a major decline in all stock markets around the world including India. The most impact has been on the Japanese market, where a decline of 3 percent has been seen.
These tariffs will apply to many products imported from India, including auto, textiles and agriculture. However, about 50 products, including gold, silver and insulin, are excluded from this tariff, which will not have any significant impact on the export trade of these products. Pharma companies, especially, have got significant relief in this mutual tariff, resulting in a growth of 1.90 percent today. On the other hand, the most impact of these tariffs is being seen in the IT and technology sector.
However, Donald Trump has exempted some important products from these tariffs. These exempted products include gold, non-monetary bullion and bar, silver bullion and bar, insulin and its salts, vitamin A and its derivative, vitamin B1 (thiamine) and its derivative, vitamin B2 (riboflavin) and its derivative, vitamin B (D-or DL-Pantronic Acid) and its derivative, vitamin B2 (Riboflavin) and its derivatives, Vitamin B6 (Pyedoxin and Vitamin B6 with active compounds) and its derivative, vitamin B12 (with cyanocobalamin and vitamin B12 active compound) and its derivative, vitamin C (Eskorbic Acid) and its derivatives, Vitamin E (Tocamin E. With) and its derivative, folic acid and its derivative, niacin and niacinmide, certain types of transistors, paper or paperboard, printed books and literature, newspapers, children’s books, music, maps, globes, handwritten items, commercial advertising materials, zinc, some types of semiconductions, diods and transistors ‘styles, diods and transistors’ stall Scrap, platinum, paladium, rhodium, and original colors and preparations based on them.
Thus, these new tariffs imposed by Donald Trump are having mixed effects on India and global markets. While some areas may suffer heavy losses, some products have also got relief from tariff exemption.
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