U.S. President Donald Trump has announced a tariff exemption for graphite, tungsten, uranium and gold, while levies will be imposed on silicone products. The move is expected to have a mixed impact on several Indian companies listed on the stock market with significant exports to the U.S.
Beneficiaries from tariff exemptions
Graphite India is likely to benefit as its graphite electrode exports to the U.S. will not face additional tariff pressure, supporting margins.
Indian Rare Earths (IREL), the state-owned miner and exporter, is positioned to gain from the exemption on uranium shipments.
Rajesh Exports, among the world’s largest gold refiners and jewellery exporters, may also benefit from gold being excluded from the tariff list, providing some cushion to the sector.
Companies under pressure
On the downside, fresh levies on silicone products could impact Indian chemical and specialty materials exporters, raising costs for shipments to the U.S.
In addition, U.S. tariff actions continue to weigh on India’s gems and jewellery exporters, including Kalyan Jewellers and other listed players, who have already faced order delays and cancellations.
Textile exporters such as Welspun Living, Gokaldas Exports, Indo Count and Trident are also seen under pressure from wider tariff measures, which threaten competitiveness in their largest overseas market.
Market watchlist for Sept 8
-
Graphite India – Positive: graphite exempted from tariffs
-
IREL – Positive: uranium exemption supportive
-
Rajesh Exports – Positive: gold exemption cushions jewellery exports
-
Welspun Living, Gokaldas Exports, Indo Count, Trident – Negative: tariff burden on textile exports
-
Kalyan Jewellers, other gems exporters – Negative: sector remains vulnerable
-
Silicone-based exporters – Negative: new levies imposed
With tariff exemptions benefiting select Indian sectors and levies squeezing others, investors will be tracking export-linked companies closely on Today’s trade.
Disclaimer: This article is for informational purposes only, based on trade policy updates and company relevance. It should not be construed as investment advice. Readers are advised to consult their financial advisor before making any investment decisions.
