With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts.
Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies.
The US is India's largest trading partner, accounting for over USD 190 billion of annual trade.
Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said that Trump may extend tariffs beyond China to include India and other countries.
Trump had earlier called India a "large tariff abuser" and in October 2020 labelled India as the 'tariff king'.
Denne historien er fra November 07, 2024-utgaven av The Free Press Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 07, 2024-utgaven av The Free Press Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Vastu Shastra and the power of positivity
In the quest for a fulfilling and prosperous life, we often seek harmony and balance in both our external environment and internal state of mind.
Tiger poisoning case: C'garh HC takes suo motu notice
The High Court of Chhattisgarh has taken suo motu notice and demanded a response from authorities regarding the recent killing of a tiger by poisoning in the Korea Forest Division.
Carlsen won't mind someone surpassing him
'CHESS RATINGS ARE DEFLATED THESE DAYS'
STARDOM IS ABOUT HOW MANY SEATS YOU CAN FILL
AAMIR KHAN ON CHANGING NORMS IN BOLLYWOOD
KIDS SHOULD GO TO SLEEP AT FIXED TIME
CONSISTENT BEDTIME TRANSLATES INTO BETTER BEHAVIOUR
MOONS OF URANUS MAY HAVE LIFE!
SCIENTISTS RE-ANALYSE DATA FROM VOYAGER'S 1986 VISIT TO ICY WORLDS
Proud moment
Superboys of Malegaon selected for Red Sea Competition at Red Sea Film Festival
Vir's soulful stage
Raju Hirani's son Vir Hirani brings depth and sensitivity to Letters of Suresh
Shraddha's big forehead theory
Shraddha Kapoor has revealed an interesting yet hilarious detail about people with \"big foreheads.\" Shraddha took to Instagram, where she shared an elevator selfie. The actress is seen wearing a baby pink hued turtleneck top paired with black pants.
Ali teams up with Phoebe
Actor set to share screen space with Phoebe Waller-Bridge in Rule Breakers
