Trump's reciprocal tariffs could hurt Indian exports. Which sectors are at risk?
1 month, 1 week ago

Trump's reciprocal tariffs could hurt Indian exports. Which sectors are at risk?

India Today  

US President Donald Trump's plan to impose reciprocal tariffs on Indian exports from April has raised serious concerns in India, especially in industries ranging from automobiles to agriculture. However, industries like textiles, leather, and wood products face less risk due to smaller tariff gaps or their relatively smaller share of trade with the US. Many American companies also manufacture these products in South Asia, benefiting from India’s free trade agreements that lower tariffs for goods sold in the US. In the worst-case scenario, economists from Standard Chartered predict a 10% uniform tariff increase could cost India 50 to 60 basis points of GDP, mainly due to an 11% to 12% drop in exports.

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