The Indian government has clarified that no additional tariffs have been imposed by the United States on Indian exports in key sectors such as pharmaceuticals and electronics so far, reported the PTI.

In a written reply to the Lok Sabha, Minister of State for Commerce and Industry, Jitin Prasada, stated that while reciprocal tariffs have been introduced on certain Indian goods exported to the US, these do not currently affect the pharmaceutical or electronics sectors.

Effective August 7, a 25 per cent reciprocal tariff has been imposed by the US on a selection of Indian exports, with a further 25 per cent ad valorem duty set to be applied to other products from August 27.