'Higher tariffs on Indian pharma, auto likely under Trump's America First'

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'Higher tariffs on Indian pharma, auto likely under Trump's America First' - Business Standard

Quick Summary:

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.

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'.