Hitesh Rattan
Pharmaceutical Products
Indian Pharmaceuticals companies for whom the US is an important export market is likely to be exempted from Trumps' 25% tariffs, as per CNBC.
Semiconductors
Import of semiconductor products, including chips and related components in India, are also not likely to be slapped with 25% tariffs.
Copper, lumber, energy products
Copper, lumber, energy products are also likely to be exempted from Trumps' latest 25% tariffs.
Critical minerals
India is a major supplier of EV batteries and critical minerals like lithium and cobalt. Reports suggest that it will also be exempted.
Smartphones, laptops, servers
Smartphones, laptops, servers are not likely to be impacted soon. However, section 232 provision change by the US make dent India.