The recent decision by the United States to impose tariffs of 25% on certain products is causing significant concern globally. The tariffs, which took effect on April 2, are expected to have a minimal impact on India’s cargo volumes at Adani Ports and SEZ (APSEZ), a leading logistics company in the country. According to Adani Group spokesperson Jaideep Shah, the tariffs will have a limited impact on APSEZ, as the company has diversified its logistics business and exports to various countries, including the US, only account for a small portion of its total trade.
The Deendayala Port Authority of Kutch, which handles a large quantity of goods, including medical and electronic items, textile-related goods, and automotive parts, is expected to be affected by the tariffs. However, the magnitude of the impact is difficult to gauge, as India does not export large quantities of goods to the US. A decrease in exports would result in decreased income for the port authority, affecting the overall business.
The firms are adapting to the new scenario by shifting their focus to other countries. India’s commerce minister has also assured exporters that the government is committed to protecting their interests. The United Nations chief has also warned about the growing global trade war, stating that all parties will lose.
In conclusion, while the tariffs may have some impact on India’s cargo volumes and the Deendayala Port Authority of Kutch, the overall effect is expected to be minimal due to India’s diversified trade relations with other countries.