Bigship reposted this
Will 25% US Tariffs Break the Back of Indian MSMEs? Starting August 1, President Trump’s revised 25% tariff on Indian goods could seriously shake things up for our exporters, especially MSMEs. India’s exports to the US, worth nearly $87 billion, include sectors like apparel, medicines, gems, leather, and petrochemicals, many of which are labor-intensive and MSME-driven. But wait, what’s even more alarming? While India faces a 25% tariff from the US, countries like Japan, Vietnam, and Indonesia enjoy reduced duties between 15% and 20%. This puts Indian businesses at a major disadvantage in the US market. If this continues, Indian MSMEs may lose their competitive edge, face declining demand, and struggle with rising costs. Will this tariff push MSMEs to explore alternate markets, or should we expect policy support back home? What do you think? #UStariffs #DonaldTrump #Tarrifbreaks #TariffonIndiangoods #IndianMSMEs #MSMEs