US tariffs: Textiles, gems and jewellery to face pressures; pharma and electronics insulated
New Delhi, Aug 27 (IANS) As the higher US tariffs against Indian goods set to come into effect from Wednesday (US time), sectors such as textiles and gems and jewellery — both labour-intensive industries — are expected to face moderate pressures while pharmaceuticals, smartphones and steel are relatively insulated due to exemptions, existing tariff structures and strong domestic consumption.