Impose an Additional 50% Import Duty on the US

• The Chamber of Trade and Industry urges the Union Government

• Demands access to markets in Germany, Britain, and Singapore

• Fears that additional U.S. tariffs could cost 1–2 million jobs

New Delhi – Following U.S. President Donald Trump’s announcement of a 50% import duty on India, its implementation began on August 27. This move has sparked fears that 1–2 million jobs in India could be at risk.

In response, the country’s apex body of traders and entrepreneurs, the Chamber of Trade and Industry, has submitted several demands to the Union Government. The Chamber has strongly urged that India impose an additional 50% duty on U.S. goods in retaliation.

It also emphasized that Indian products have strong demand in countries like Germany, Britain, Singapore, and Malaysia. Therefore, the Chamber called on the government to negotiate with the consulates of these countries to secure market access for Indian goods.

How are import duties linked to jobs?

With the 50% import duty imposed by the U.S., Indian goods will naturally become more expensive in the American market. As a result, U.S. consumers are likely to turn away from Indian products.

In short, reduced demand will mean less need for production, leading to a slowdown in business. Consequently, jobs tied to exports to the U.S. will shrink.

This impact will especially be felt in sectors like fisheries, textiles, furniture, gems & jewelry, and leather trade.