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HinduBusinessLine
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India studying impact of US tariffs on chemicals, petrochemicals sector
- India is currently studying the impact of US tariffs on the chemicals and petrochemicals sector.
- Chemicals and petrochemicals constitute about 18 percent of India's total exports to the US.
- The tariff hike could potentially reduce chemical exports by $2-7 billion in FY26.
- The US tariffs on Chinese chemicals have raised concerns about potential dumping in the Indian market.
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