Trump’s Reciprocal Tariffs Shake Global Trade and Markets

Key Takeaways

Trump’s 27 per cent reciprocal tariff on Indian imports significantly impacts sectors like chemicals and textiles, especially for companies like SRF Ltd. and Navin Fluorine.
While pharmaceuticals remain exempt, the chemical industry faces challenges.
India stays competitive compared to others but must diversify sourcing and explore new markets to mitigate the effects.

On April 2, 2025, President Donald J. Trump declared a national emergency, citing that “foreign trade and economic practices have created a national emergency.” To address this, he signed an executive order invoking the International Emergency Economic Powers Act (IEEPA) to impose responsive tariffs aimed at strengthening the US’ international economic position and protecting American workers. The key components of this new tariff regime include:

A 10 per cent tariff on all countries, effective April 5, 2025. Individualised reciprocal higher tariffs on countries with which the United States has the largest trade deficits, effective April 9, 2025. These tariffs can be increased or decreased based on trading partners’ actions.

These tariffs are intended to remain in effect until President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated. The United States has among the lowest simple average MFN tariff rates in the world at 3.3 percent, while many key trading partners like Brazil (11.2 percent), China (7.5 percent), the European Union (EU) (5 percent), India (17 percent), and Vietnam (9.4 percent) have significantly higher rates. Certain goods are exempt from the reciprocal tariff, including those already subject to Section 232 tariffs (steel/aluminium, autos/auto parts), copper, pharmaceuticals, semiconductors, lumber, bullion, and certain energy and minerals not available in the United States.

Impact of Trump’s 26 per cent Reciprocal Tariff on Indian chemical sector: Challenges and Strategic Adjustments
The United States has implemented a 27 per cent reciprocal tariff on Indian imports and marking a substantial shift in trade relations. This policy, introduced as part of President Trump’s ‘Liberation Day’ trade initiative, aims to counterbalance global trade disparities. While Pharmaceuticals have been exempted from this tariff hike, other critical sectors such as chemicals, textiles, and machinery are facing considerable challenges.

Impact on Chemical Industry

Key chemical companies like SRF Ltd., Navin Fluorine, and Galaxy Surfactants experienced stock declines following the announcement, reflecting investor concerns over export dependency.
Chemical Growth: India’s chemical industry, valued at $220 billion, is poised for 11-12 per cent annual growth, driven by agrochemical and specialty chemical demand.
Export: The US constitutes 12 per cent of SRF’s revenue and 65 per cent of Navin Fluorine’s export earnings, making them particularly vulnerable to the new tariffs.
Global Competitiveness: Despite the tariff increase, India remains relatively well-positioned compared to countries like China (34 per cent), the European Union (20 per cent), Japan (24 per cent), and South Korea (25 per cent).

Pharmaceuticals and Medical Devices
The US, under President Trump’s ‘Liberation Day’ initiative, has announced a 27 per cent tariff on Indian medical devices to address trade imbalances, while pharmaceuticals remain exempt. India’s medical device exports to the US, valued at $714.38 million in FY24, may face challenges, with industry leaders urging diversification. Meanwhile, the Indian government is in talks with the US to mitigate the impact and explore new trade opportunities.

The following table defines the new tariff rates by product code affecting the chemical sector for Indian exports to US:

Product Code	MFN Tariff	Reciprocal Tariff applied by US	Applicable Tariff w.e.f 9th April 2025
280110	0%	27%	27%
280120	0%	27%	27%
280130	4.60%	27%	32%
280200	0%	27%	27%
280300	0%	27%	27%
280410	3.70%	27%	31%
280421	3.70%	27%	31%
280429	3.70%	27%	31%
280430	3.70%	27%	31%
280440	3.70%	27%	31%
280450	0%	27%	27%
280461	0%	27%	27%
280469	5.40%	27%	32%
280470	0%	27%	27%
280480	0%	27%	27%
280490	0%	27%	27%
280511	5.30%	27%	32%
280512	3%	27%	30%
280519	3.07%	27%	30%
280530	5%	27%	32%
280540	1.70%	27%	29%
280610	0%	27%	27%
280620	4.20%	27%	31%
280700	0%	27%	27%
280800	0%	27%	27%
280910	0%	27%	27%
280920	0%	27%	27%
281000	1.50%	27%	29%
281111	0%	27%	27%
281112	4.20%	27%	31%
281119	2.17%	27%	29%
281121	3.70%	27%	31%
281122	1.85%	27%	29%
281129	1.98%	27%	29%
281211	3.70%	27%	31%
281212	3.70%	27%	31%
281213	3.70%	27%	31%
281214	0%	27%	27%
281215	3.70%	27%	31%
281216	3.70%	27%	31%
281217	3.70%	27%	31%
281219	3.70%	27%	31%
281290	3.70%	27%	31%
281310	3.70%	27%	31%
281390	1.23%	27%	28%
281410	0%	27%	27%
281420	0%	27%	27%
281511	0%	27%	27%
281512	0%	27%	27%
281520	0%	27%	27%
281530	3.70%	27%	31%
281610	3.10%	27%	30%
281640	3.10%	27%	30%
281700	0%	27%	27%
281810	0.65%	27%	28%
281820	0%	27%	27%
281830	0%	27%	27%
281910	3.70%	27%	31%
281990	3.70%	27%	31%
282010	4.70%	27%	32%
282090	4.70%	27%	32%
282110	3.70%	27%	31%
282120	5.50%	27%	33%
282200	0.10%	27%	27%
282300	5.50%	27%	33%
282410	3%	27%	30%
282490	4.57%	27%	32%
282510	3.70%	27%	31%
282520	3.70%	27%	31%
282530	5.50%	27%	33%
282540	0%	27%	27%
282550	4.40%	27%	31%
282560	3.70%	27%	31%
282570	3.20%	27%	30%
282580	0%	27%	27%
282590	3.47%	27%	30%
282612	0%	27%	27%
282619	3.57%	27%	31%
282630	0%	27%	27%
282690	3.60%	27%	31%
282710	2.90%	27%	30%
282720	0%	27%	27%
282731	1.50%	27%	29%
282732	0%	27%	27%
282735	3.70%	27%	31%
282739	4.17%	27%	31%
282741	3.90%	27%	31%
282749	5.50%	27%	33%
282751	0%	27%	27%
282759	1.80%	27%	29%
282760	2.33%	27%	29%
282810	2.40%	27%	29%
282890	3.70%	27%	31%
282911	0%	27%	27%
282919	3.30%	27%	30%
282990	1.70%	27%	29%
283010	3.70%	27%	31%
283090	2.23%	27%	29%
283110	2.75%	27%	30%
283190	5.50%	27%	33%
283210	1.50%	27%	29%
283220	3.10%	27%	30%
283230	2.30%	27%	29%
283311	0.20%	27%	27%
283319	0%	27%	27%
283321	3.70%	27%	31%
283322	0%	27%	27%
283324	3.20%	27%	30%
283325	1.40%	27%	28%
283327	0.60%	27%	28%
283329	2.65%	27%	30%
283330	1.60%	27%	29%
283340	3.40%	27%	30%
283410	4.30%	27%	31%
283421	0%	27%	27%
283429	3.30%	27%	30%
283510	3.10%	27%	30%
283522	1.40%	27%	28%
283524	3.10%	27%	30%
283525	0%	27%	27%
283526	0%	27%	27%
283529	1.95%	27%	29%
283531	1.40%	27%	28%
283539	3.40%	27%	30%
283620	1.20%	27%	28%
283630	0%	27%	27%
283640	1.60%	27%	29%
283650	0%	27%	27%
283660	2.30%	27%	29%
283691	3.70%	27%	31%
283692	4.20%	27%	31%
283699	3.12%	27%	30%
283711	0%	27%	27%
283719	0%	27%	27%
283720	1.40%	27%	28%
283911	1.10%	27%	28%
283919	1.10%	27%	28%
283990	3.10%	27%	30%
284011	0.30%	27%	27%
284019	0.10%	27%	27%
284020	3.70%	27%	31%
284030	3.70%	27%	31%
284130	2.40%	27%	29%
284150	2.30%	27%	29%
284161	5%	27%	32%
284169	5%	27%	32%
284170	4%	27%	31%
284180	5.50%	27%	33%
284190	3.70%	27%	31%
284210	3.70%	27%	31%
284290	3.20%	27%	30%
284310	5.50%	27%	33%
284321	3.70%	27%	31%
284329	3.70%	27%	31%
284390	3.70%	27%	31%
284410	3.33%	27%	30%
284420	0%	27%	27%
284430	3.50%	27%	31%
284441	0%	27%	27%
284442	0%	27%	27%
284443	0%	27%	27%
284444	0%	27%	27%
284450	0%	27%	27%
284510	0%	27%	27%
284520	0%	27%	27%
284530	0%	27%	27%
284540	0%	27%	27%
284590	0%	27%	27%
284610	5.50%	27%	33%
284690	1.23%	27%	28%
284700	3.70%	27%	31%
284910	1.80%	27%	29%
284920	0.25%	27%	27%
284990	4.28%	27%	31%
285000	3.92%	27%	31%
285210	1.50%	27%	29%
285290	1.50%	27%	29%
285310	2.80%	27%	30%
285390	1.80%	27%	29%
290110	0%	27%	27%
290121	0%	27%	27%
290122	0%	27%	27%
290123	0%	27%	27%
290124	0%	27%	27%
290129	0%	27%	27%
290211	0%	27%	27%
290219	0%	27%	27%
290220	0%	27%	27%
290230	0%	27%	27%
290241	0%	27%	27%
290242	0%	27%	27%
290243	0%	27%	27%
290244	0%	27%	27%
290250	0%	27%	27%
290260	0%	27%	27%
290270	0%	27%	27%
290290	0%	27%	27%
290311	5.50%	27%	33%
290312	3.70%	27%	31%
290313	5.50%	27%	33%
290314	2.30%	27%	29%
290315	5.50%	27%	33%
290319	3.58%	27%	31%
290321	5.50%	27%	33%
290322	4.20%	27%	31%
290323	3.40%	27%	30%
290329	5.50%	27%	33%
290341	3.70%	27%	31%
290342	3.70%	27%	31%
290343	3.70%	27%	31%
290344	3.70%	27%	31%
290345	3.70%	27%	31%
290346	3.70%	27%	31%
290347	3.70%	27%	31%
290348	3.70%	27%	31%
290349	3.70%	27%	31%
290351	3.70%	27%	31%
290359	3.70%	27%	31%
290361	0%	27%	27%
290362	5.40%	27%	32%
290369	1.85%	27%	29%
290371	3.70%	27%	31%
290372	3.70%	27%	31%
290373	3.70%	27%	31%
290374	3.70%	27%	31%
290375	3.70%	27%	31%
290376	3.70%	27%	31%
290377	3.70%	27%	31%
290378	3.70%	27%	31%
290379	1.85%	27%	29%
290381	5.50%	27%	33%
290382	5.50%	27%	33%
290383	5.50%	27%	33%
290389	3.68%	27%	31%
290391	5.50%	27%	33%
290392	5.50%	27%	33%
290393	5.50%	27%	33%
290394	5.50%	27%	33%
290399	4.28%	27%	31%
290410	5.31%	27%	32%
290420	4.81%	27%	32%
290431	3.70%	27%	31%
290432	3.70%	27%	31%
290433	3.70%	27%	31%
290434	3.70%	27%	31%
290435	3.70%	27%	31%
290436	3.70%	27%	31%
290491	3.70%	27%	31%
290499	5.30%	27%	32%
290511	2.75%	27%	30%
290512	5.50%	27%	33%
290513	5.50%	27%	33%
290514	2.75%	27%	30%
290516	3.70%	27%	31%
290517	5%	27%	32%
290519	4.60%	27%	32%
290522	3.83%	27%	31%
290529	4.60%	27%	32%
290531	5.50%	27%	33%
290532	5.50%	27%	33%
290539	4.13%	27%	31%
290541	3.70%	27%	31%
290542	3.70%	27%	31%
290543	4.60%	27%	32%
290544	4.90%	27%	32%
290545	0.51%	27%	28%
290549	4.04%	27%	31%
290551	0%	27%	27%
290559	3.67%	27%	31%
290611	2.10%	27%	29%
290612	5.50%	27%	33%
290613	1.85%	27%	29%
290619	3.67%	27%	31%
290621	5.50%	27%	33%
290629	4.13%	27%	31%
290711	5.50%	27%	33%
290712	4.20%	27%	31%
290713	5.50%	27%	33%
290715	3.67%	27%	31%
290719	4.14%	27%	31%
290721	5.50%	27%	33%
290722	5.50%	27%	33%
290723	5.50%	27%	33%
290729	3.56%	27%	31%
290811	5.50%	27%	33%
290819	4.71%	27%	32%
290891	5.50%	27%	33%
290892	5.50%	27%	33%
290899	5%	27%	32%
290911	1%	27%	28%
290919	4.13%	27%	31%
290920	3.70%	27%	31%
290930	4.81%	27%	32%
290941	5.50%	27%	33%
290943	5.50%	27%	33%
290944	5.50%	27%	33%
290949	3.37%	27%	30%
290950	5.36%	27%	32%
290960	4.90%	27%	32%
291010	5.50%	27%	33%
291020	5.50%	27%	33%
291030	3.70%	27%	31%
291040	4.80%	27%	32%
291050	4.80%	27%	32%
291090	4.97%	27%	32%
291100	2.65%	27%	30%
291211	2.80%	27%	30%
291212	5.50%	27%	33%
291219	5.08%	27%	32%
291221	5.50%	27%	33%
291229	3.67%	27%	31%
291241	5.50%	27%	33%
291242	5.50%	27%	33%
291249	4.28%	27%	31%
291250	2.75%	27%	30%
291260	5.10%	27%	32%
291300	3.67%	27%	31%
291411	2.75%	27%	30%
291412	3.10%	27%	30%
291413	4%	27%	31%
291419	4%	27%	31%
291422	5.50%	27%	33%
291423	5.50%	27%	33%
291429	2.85%	27%	30%
291431	5.50%	27%	33%
291439	2.75%	27%	30%
291440	3.96%	27%	31%
291450	3.17%	27%	30%
291461	0%	27%	27%
291462	5.50%	27%	33%
291469	4.13%	27%	31%
291471	4%	27%	31%
291479	3%	27%	30%
291511	5.50%	27%	33%
291512	5.50%	27%	33%
291513	4.60%	27%	32%
291521	1.80%	27%	29%
291524	3.50%	27%	31%
291529	2.68%	27%	30%
291531	3.70%	27%	31%
291532	3.80%	27%	31%
291533	5.50%	27%	33%
291536	5.50%	27%	33%
291539	4.77%	27%	32%
291540	4.13%	27%	31%
291550	4.47%	27%	31%
291560	3.80%	27%	31%
291570	5%	27%	32%
291590	4.54%	27%	32%
291611	4.20%	27%	31%
291612	5.10%	27%	32%
291613	4.20%	27%	31%
291614	1.85%	27%	29%
291615	5.45%	27%	32%
291616	3.70%	27%	31%
291619	4.28%	27%	31%
291620	1.85%	27%	29%
291631	6.50%	27%	34%
291632	6.50%	27%	34%
291634	4.88%	27%	32%
291639	4.88%	27%	32%
291711	3.10%	27%	30%
291712	6.50%	27%	34%
291713	4.80%	27%	32%
291714	5.35%	27%	32%
291719	5.20%	27%	32%
291720	4.20%	27%	31%
291732	6.50%	27%	34%
291733	6.50%	27%	34%
291734	6.50%	27%	34%
291735	6.50%	27%	34%
291736	6.50%	27%	34%
291737	6.50%	27%	34%
291739	4.88%	27%	32%
291811	4.25%	27%	31%
291812	0%	27%	27%
291813	1.10%	27%	28%
291814	6%	27%	33%
291815	5.10%	27%	32%
291816	4.85%	27%	32%
291817	5.80%	27%	33%
291818	6.50%	27%	34%
291819	4.76%	27%	32%
291821	6.50%	27%	34%
291822	6.50%	27%	34%
291823	6.50%	27%	34%
291829	4.51%	27%	32%
291830	3.75%	27%	31%
291891	6.50%	27%	34%
291899	4.88%	27%	32%
291910	3.70%	27%	31%
291990	4.18%	27%	31%
292011	0%	27%	27%
292019	5.57%	27%	33%
292021	3.70%	27%	31%
292022	3.70%	27%	31%
292023	3.70%	27%	31%
292024	3.70%	27%	31%
292029	3.70%	27%	31%
292030	3.70%	27%	31%
292090	5.57%	27%	33%
292111	3.70%	27%	31%
292112	0%	27%	27%
292113	0%	27%	27%
292114	6.50%	27%	34%
292119	3.40%	27%	30%
292121	5.80%	27%	33%
292122	6.50%	27%	34%
292129	6.50%	27%	34%
292130	4.18%	27%	31%
292141	6.50%	27%	34%
292142	5.25%	27%	32%
292143	4.79%	27%	32%
292144	4.88%	27%	32%
292145	5.06%	27%	32%
292146	0%	27%	27%
292149	5.47%	27%	32%
292151	6.50%	27%	34%
292159	4.54%	27%	32%
292211	6.50%	27%	34%
292212	6.50%	27%	34%
292214	0%	27%	27%
292215	6.50%	27%	34%
292216	6.50%	27%	34%
292217	6.50%	27%	34%
292218	6.50%	27%	34%
292219	5.47%	27%	32%
292221	4.70%	27%	32%
292229	4.28%	27%	31%
292231	0%	27%	27%
292239	4.54%	27%	32%
292241	3.70%	27%	31%
292242	5.10%	27%	32%
292243	6.50%	27%	34%
292244	0%	27%	27%
292249	4.16%	27%	31%
292250	5.25%	27%	32%
292310	3.70%	27%	31%
292320	2.50%	27%	30%
292330	6.20%	27%	33%
292340	6.20%	27%	33%
292390	6.20%	27%	33%
292411	0%	27%	27%
292412	3.70%	27%	31%
292419	5.10%	27%	32%
292421	4.88%	27%	32%
292423	6.50%	27%	34%
292424	0%	27%	27%
292425	6.50%	27%	34%
292429	3.93%	27%	31%
292511	6.50%	27%	34%
292512	0%	27%	27%
292519	3.34%	27%	30%
292521	6.50%	27%	34%
292529	3.87%	27%	31%
292610	6.50%	27%	34%
292620	0%	27%	27%
292630	3.25%	27%	30%
292640	6.50%	27%	34%
292690	4.47%	27%	31%
292700	4.44%	27%	31%
292800	4.08%	27%	31%
292910	5.60%	27%	33%
292990	4.88%	27%	32%
293010	3.70%	27%	31%
293020	4.18%	27%	31%
293030	1.85%	27%	29%
293040	0%	27%	27%
293060	3.70%	27%	31%
293070	3.70%	27%	31%
293080	6.50%	27%	34%
293090	3.42%	27%	30%
293110	3.70%	27%	31%
293120	3.70%	27%	31%
293141	3.70%	27%	31%
293142	3.70%	27%	31%
293143	3.70%	27%	31%
293144	3.70%	27%	31%
293145	3.70%	27%	31%
293146	3.70%	27%	31%
293147	3.70%	27%	31%
293148	3.70%	27%	31%
293149	3.70%	27%	31%
293151	3.70%	27%	31%
293152	3.70%	27%	31%
293153	3.70%	27%	31%
293154	3.70%	27%	31%
293159	3.70%	27%	31%
293190	4.67%	27%	32%
293211	3.70%	27%	31%
293212	0%	27%	27%
293213	3.70%	27%	31%
293214	3.70%	27%	31%
293219	5.10%	27%	32%
293220	6.10%	27%	33%
293291	6.50%	27%	34%
293292	6.50%	27%	34%
293293	4.80%	27%	32%
293294	6.50%	27%	34%
293295	0%	27%	27%
293296	6.50%	27%	34%
293299	4.20%	27%	31%
293311	6.50%	27%	34%
293319	4.04%	27%	31%
293321	6.50%	27%	34%
293329	4.38%	27%	31%
293331	0%	27%	27%
293332	6.50%	27%	34%
293333	0%	27%	27%
293334	6.50%	27%	34%
293335	5.80%	27%	33%
293336	6.50%	27%	34%
293337	6.50%	27%	34%
293339	5.25%	27%	32%
293341	0%	27%	27%
293349	5.70%	27%	33%
293352	0%	27%	27%
293353	0%	27%	27%
293354	3.70%	27%	31%
293355	0%	27%	27%
293359	5.78%	27%	33%
293361	3.50%	27%	31%
293369	3.27%	27%	30%
293371	6.50%	27%	34%
293372	0%	27%	27%
293379	4.17%	27%	31%
293391	0%	27%	27%
293392	0%	27%	27%
293399	4.04%	27%	31%
293410	4.88%	27%	32%
293420	5.70%	27%	33%
293430	5.42%	27%	32%
293491	0%	27%	27%
293492	6.50%	27%	34%
293499	4.61%	27%	32%
293510	6.50%	27%	34%
293520	6.50%	27%	34%
293530	6.50%	27%	34%
293540	6.50%	27%	34%
293550	6.50%	27%	34%
293590	4.18%	27%	31%
293621	0%	27%	27%
293622	0%	27%	27%
293623	0%	27%	27%
293624	0%	27%	27%
293625	0%	27%	27%
293626	0%	27%	27%
293627	0%	27%	27%
293628	0%	27%	27%
293629	0%	27%	27%
293690	0%	27%	27%
293711	0%	27%	27%
293712	0%	27%	27%
293719	0%	27%	27%
293721	0%	27%	27%
293722	0%	27%	27%
293723	0%	27%	27%
293729	0%	27%	27%
293750	0%	27%	27%
293790	0%	27%	27%
293810	1.50%	27%	29%
293890	3.70%	27%	31%
293911	0%	27%	27%
293919	0%	27%	27%
293920	0%	27%	27%
293930	0%	27%	27%
293941	0%	27%	27%
293942	0%	27%	27%
293943	0%	27%	27%
293944	0%	27%	27%
293945	0%	27%	27%
293949	0%	27%	27%
293951	0%	27%	27%
293959	0%	27%	27%
293961	0%	27%	27%
293962	0%	27%	27%
293963	0%	27%	27%
293969	0%	27%	27%
293972	0%	27%	27%
293979	0%	27%	27%
293980	6.50%	27%	34%
294000	2.90%	27%	30%
294110	0%	27%	27%
294120	1.75%	27%	29%
294130	0%	27%	27%
294140	0%	27%	27%
294150	0%	27%	27%
294190	0%	27%	27%
294200	4.64%	27%	32%
380110	1.85%	27%	29%
380120	0%	27%	27%
380130	4.90%	27%	32%
380190	4.90%	27%	32%
380210	4.80%	27%	32%
380290	4.37%	27%	31%
380300	0%	27%	27%
380400	1.85%	27%	29%
380510	5%	27%	32%
380590	1.85%	27%	29%
380610	5%	27%	32%
380620	3.70%	27%	31%
380630	6.50%	27%	34%
380690	4.20%	27%	31%
380700	0.10%	27%	27%
380852	6.50%	27%	34%
380859	5.50%	27%	33%
380861	5.75%	27%	33%
380862	5.75%	27%	33%
380869	5.75%	27%	33%
380891	3.86%	27%	31%
380892	3.37%	27%	30%
380893	4.13%	27%	31%
380894	5.75%	27%	33%
380899	3.30%	27%	30%
380910	3.48%	27%	30%
380991	6%	27%	33%
380992	6.25%	27%	33%
380993	6.25%	27%	33%
381010	5%	27%	32%
381090	3.83%	27%	31%
381111	0%	27%	27%
381119	6.50%	27%	34%
381121	6.50%	27%	34%
381129	6.50%	27%	34%
381190	6.50%	27%	34%
381210	5.75%	27%	33%
381220	5.75%	27%	33%
381231	6.50%	27%	34%
381239	3.60%	27%	31%
381300	1.85%	27%	29%
381400	6.33%	27%	33%
381511	0%	27%	27%
381512	0%	27%	27%
381519	0%	27%	27%
381590	3.58%	27%	31%
381600	1.50%	27%	29%
381700	6.50%	27%	34%
381800	0%	27%	27%
381900	6.50%	27%	34%
382000	6.50%	27%	34%
382100	5%	27%	32%
382211	0%	27%	27%
382212	0%	27%	27%
382213	0%	27%	27%
382219	0%	27%	27%
382290	0%	27%	27%
382311	5.40%	27%	32%
382312	4.78%	27%	32%
382313	3.20%	27%	30%
382319	2.75%	27%	30%
382370	3.17%	27%	30%
382410	6%	27%	33%
382430	3.60%	27%	31%
382440	3.83%	27%	31%
382450	0%	27%	27%
382460	4.90%	27%	32%
382481	5%	27%	32%
382482	5.10%	27%	32%
382483	5%	27%	32%
382484	6.50%	27%	34%
382485	6.50%	27%	34%
382486	6.50%	27%	34%
382487	3.70%	27%	31%
382488	6.50%	27%	34%
382489	6.50%	27%	34%
382491	5%	27%	32%
382492	5%	27%	32%
382499	4.13%	27%	31%
382510	0%	27%	27%
382520	0%	27%	27%
382530	0%	27%	27%
382541	0%	27%	27%
382549	0%	27%	27%
382550	0%	27%	27%
382561	0%	27%	27%
382569	0%	27%	27%
382590	0%	27%	27%
382600	5.55%	27%	33%
382711	3.70%	27%	31%
382712	3.70%	27%	31%
382713	6.50%	27%	34%
382714	6.50%	27%	34%
382720	3.70%	27%	31%
382731	3.70%	27%	31%
382732	3.70%	27%	31%
382739	3.70%	27%	31%
382740	3.70%	27%	31%
382751	3.70%	27%	31%
382759	3.70%	27%	31%
382761	3.70%	27%	31%
382762	3.70%	27%	31%
382763	3.70%	27%	31%
382764	3.70%	27%	31%
382765	3.70%	27%	31%
382768	3.70%	27%	31%
382769	3.70%	27%	31%
382790	5.10%	27%	32%

Stay tuned for more information on Alchempro!

Conclusion

The US's implementation of a 27 per cent reciprocal tariff on Indian imports marks a significant shift in global trade dynamics, especially for sectors like chemicals, textiles, and machinery. While some industries like pharmaceuticals are exempt, the chemical sector faces considerable challenges, particularly for key players like SRF Ltd. and Navin Fluorine. Despite these tariffs, India remains relatively competitive compared to other countries. However, the strategic pressures for diversification and alternative sourcing will likely drive Indian exporters to seek new markets and adapt to the changing global trade environment. The tariff's long-term impact could potentially reshape India’s export strategies, while global price stability in affected sectors like chemicals and textiles may be threatened.

FAQs

What is the 27% reciprocal tariff imposed by the US?

The 27% tariff targets imports from countries with significant trade imbalances with the US, including India. It affects industries like chemicals, textiles, and machinery, with exemptions for pharmaceuticals.

How does this tariff impact India's chemical industry?

Indian chemical companies, like SRF Ltd. and Navin Fluorine, face stock declines due to their dependence on US exports. The tariffs may disrupt their supply chains, affecting revenue from the US market.

Are there any exceptions to the US reciprocal tariff?

Yes, certain products like pharmaceuticals, medical devices, and some energy-related goods are exempt from the tariff.

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Trump’s Reciprocal Tariffs Shake Global Trade and Markets

Table of Contents

Key Takeaways

Conclusion

FAQs

What is the 27% reciprocal tariff imposed by the US?

How does this tariff impact India's chemical industry?

Are there any exceptions to the US reciprocal tariff?

Comments

Disclaimer

Trump’s Reciprocal Tariffs Shake Global Trade and Markets

Table of Contents

Key Takeaways

Conclusion

FAQs

What is the 27% reciprocal tariff imposed by the US?

How does this tariff impact India's chemical industry?

Are there any exceptions to the US reciprocal tariff?

Comments

Disclaimer

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