The Economic Implications for India of U.S. Tariffs and Restrictions

Abstract

This paper examines the economic impact on India resulting from an increasing set of U.S. trade measures viz higher tariffs, ad-valorem, safeguard, anti-dumping/countervailing duties, sectoral surcharges and related restrictions including tightening of work/travel visas (e.g., H-1B/L). The paper is compiled on the basis of data in contemporary news reports, policy analyses and academic briefs, the study maps channels through which these measures affect Indian exports, domestic sectors  like steel, aluminium, textiles, solar, pharma. The paper concludes with the fact that the impact of the trade restrictions and tax impositions by U,S differs from sector to sector as it opens doors of opportunities for few sectors and has adversely affected some sectors like steel, IT.