New Delhi, Sept. 8 -- New Delhi: The steep 50% tariff imposed by the US on Indian goods from 27 August is set to deal a heavy blow to the engineering sector, with exporters estimating nearly $7.5 billion in losses in the current fiscal (FY26) which could trigger significant job cuts if the duty stays for long.

In an interview with Mint, Pankaj Chadha, chairman of the Engineering Export Promotion Council (EEPC), said that the sudden escalation in duties would wipe out a large portion of shipments to the US, India's biggest market for engineering goods. "The impact will be so severe that it will inevitably result in job losses, as domestic diversification is not possible for this much value of exports," he said.

India's engineering export...