<h1>US 50% ad valorem tariff from Aug 27 risks severe harm to Indian MSME exporters in textiles, gems, chemicals</h1> A report warns that the United States' additional ad valorem tariff, raising total duties on Indian goods to 50% effective August 27, will materially harm micro, small and medium enterprises, which account for about 45% of national exports. Textiles, gems and jewellery (25% of exports to the United States) and chemicals are most exposed; MSMEs hold over 70% share in textiles and gems and 40% in chemicals. Diamond exports, concentrated in one regional hub, face significant demand erosion. Competitive advantages enjoyed by Japan and South Korea in chemicals and lower tariffs for Bangladesh and Vietnam in garments may further displace Indian MSME exporters.