New Delhi. There is a lot of discussion about the recent tension in trade relations between India and America and Donald Trump's proposed huge 500% tariff. In such a situation, we will tell you what major things India actually imports from America (What India Imports from USA). Telling about it. At the same time, what is the meaning of this new development of 500 percent tariff after 50 percent tariff.
Major goods coming to India from America
According to Trade Economics data, India will import goods worth about $39 billion from the US in 2024. Out of which we are giving below the information about some things which are used daily.
India is a huge market for California almonds. Apart from this, walnuts, pistachios and American apples also come to India in large quantities. The imports of this sector are about Rs 9,700 crore.
Premium American whiskey (e.g. Jim Beam) and wines are in high demand in Indian metros. Liquor worth about Rs 3,920 crore is imported from America.
Processed Potatoes, Exotic Vegetables
Processed potatoes, exotic vegetables, chocolates, candies and breakfast cereals (cereals and oats) are also reaching Indian kitchens through American brands.
Ready-to-eat food, sauces and canned fruits are rapidly making their place in the online and offline markets.
What experts say on this US-India trade tension
Donald Trump's threat to impose 500% tariff on India has created concern in the business world. Let us understand what the experts have to say on this.
1. Crisis on exports
According to Ajay Srivastava of Global Trade Research Initiative (GTRI), if this tariff is implemented, India's $87.4 billion exports to the US may come to a standstill. 500% duty means that Indian goods will become so expensive in the American market that no one will buy them.
2. Need for strategic clarity
Experts believe that India should take a tough stance on its foreign and trade policy. India will have to clarify its sovereignty on issues like buying oil from Russia so that it can avoid the double loss of US pressure and tariffs.
3. Bill's path is not easy
Although Trump has talked about strict tariffs, it will have to be passed by the US Congress and Senate, which is not so easy. Experts say that this step seems to be targeting only India, whereas China may remain unaffected by it.
4. Looking for alternative markets
Experts like former Commerce Secretary Ajay Dua believe that trade is being used as a weapon. In such a situation, it has become necessary for India to find new markets for its goods in countries other than America as soon as possible.
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