‘It may hit exports of agriculture, machinery, textiles, pharma, & auto parts’

Sunil Kohli, Managing Director, Rahat Cargo said, “The imposition of trade tariff by President Trump on India may adversely hit exports of agriculture, machinery, textiles, pharma, electrical, chemical, auto parts, gems & jewellery sectors apart from sizable volumes of seafood. However, the experts still anticipate silver lining in the above tariff in regard to India’s cargo trade interest as the US’s tariffs might actually open up opportunities through shifts in global supply chains. But simultaneously India needs to improve ease of doing business apart from investing in logistics & infrastructure to achieve optimal productivity and business advantages. The FIEO agrees that the tariffs do create challenges for Indian exporters’ yet India is still better placed than many of its global competitors. Further, the retarded pace of exports may accelerate the activities in the domestic market to the benefits of the manufacturer which might help them in offsetting the exports slowdown.