India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research
Trending News
6 days, 1 hour ago

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research

Live Mint  

New Delhi: India’s exports to the US could decline by 3-3.5% if Washington implements reciprocal tariffs next month, but this may be offset by ambitious targets in manufacturing and services, along with efforts to diversify exports, SBI Research said in a report on Monday. New Delhi also must boost value addition, tap new markets, and establish alternative trade routes from Europe to the US through West Asia, reshaping global supply chains, it said. India’s merchandise trade with the US last fiscal amounted to $119.72 billion, with exports at $77.52 billion and imports at $42.20 billion, according to data from the commerce ministry. "The shift towards regional supply chains and the impact of geopolitical changes, such as the US tariff war are influencing India's FTA strategies to ensure alignment with global trade dynamics," it added.

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History of this topic

America’s reciprocal tariffs will exacerbate the problems of Indian farmers
2 days, 9 hours ago

America’s reciprocal tariffs will exacerbate the problems of Indian farmers

Live Mint  

As part of his ‘America First’ agenda, President Donald Trump has proposed imposing reciprocal tariffs to curb the growing US trade deficit. India exports a variety of agricultural products to the US, including frozen shrimp, prawns, basmati and non-basmati rice, vegetable saps and extracts, natural honey and processed food items. Although India maintains that its tariffs are within the overall …

I believe India will cut tariffs substantially on U.S. goods, says Trump
Trending News
2 days, 23 hours ago

I believe India will cut tariffs substantially on U.S. goods, says Trump

The Hindu  

U.S. President Donald Trump has said that he believes India will lower its tariffs on American goods, even as he reiterated his threat to impose reciprocal tariffs on the country starting April 2. Asked about his summit with Prime Minister Narendra Modi last month, Mr. Trump said he has a “very good relationship” with India. probably going to be lowering …

Tariff-proofing India’s exports
3 days, 9 hours ago

Tariff-proofing India’s exports

Hindustan Times  

The tariff turmoil from the United States is emerging as the biggest ‘known unknown’ for the global economy in 2025. Indian economy For some time now, the relative stability of the World Trade Organization -refereed trade regime has cultivated a wide-spread complacency with global trade ballooning nearly five times since the creation of WTO. The long entrenchment in stable global …

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’
3 days, 10 hours ago

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’

Hindustan Times  

US President Donald Trump, in an interview with Breitbart News on Wednesday, said he believes India would reduce tariffs on American goods, news agency Reuters reported. During Prime Minister Narendra Modi's visit to Washington last month, India and the U.S. pledged to more than double their bilateral trade to USD 500 billion by 2030. India, US commit to doubling two-way …

Trump thinks India may cut tariffs, but keeps reciprocal duties threat alive
3 days, 16 hours ago

Trump thinks India may cut tariffs, but keeps reciprocal duties threat alive

India Today  

US President Donald Trump on Thursday reiterated his confidence that India will lower the trade tariffs it imposes on American goods, adding that his administration will impose the same charges on New Delhi, starting April 2. Speaking to Breitbart News, the President said that he has a "very good relationship" with India but that New Delhi has too many high …

​High base effect: On a shrinking trade deficit, rising exports
Trending News
4 days, 22 hours ago

​High base effect: On a shrinking trade deficit, rising exports

The Hindu  

India’s goods trade in February saw its steepest decline in nearly two years. While a shrinking trade deficit driven by rising exports would have been a positive development, the simultaneous decline in exports and imports is a cause for concern. The looming threat of reciprocal tariffs has unsettled Indian exporters, as the U.S. is India’s second-largest trading partner, accounting for …

Explained: How India can shield itself from Donald Trump's tariff storm
5 days, 16 hours ago

Explained: How India can shield itself from Donald Trump's tariff storm

India Today  

A second term for Donald Trump as US President was always expected to shake up the global order, but few anticipated the trade war drums would start beating this soon. "Given that President Donald Trump has been using higher reciprocal policy as an instrument of state policy, shielding India from incessant trade wars in this increasingly VUCA world is uneasy," …

India and US move forward with bilateral trade agreement, but no talks on reciprocal tariffs
6 days ago

India and US move forward with bilateral trade agreement, but no talks on reciprocal tariffs

Live Mint  

New Delhi: India is focusing its US engagement on a trade deal rather than Washington's contentious plans to impose reciprocal tariffs. According to three senior government officials, India is not engaging with the US on reciprocal tariffs; instead, discussions remain centered on shaping a proposed Bilateral Trade Agreement. India's focus on the bilateral trade agreement comes amid a lack of …

Trump’s tariff threat’s impact on India’s agriculture trade
Trending News
6 days, 3 hours ago

Trump’s tariff threat’s impact on India’s agriculture trade

Hindustan Times  

The recent proposal by United States President Donald Trump to impose reciprocal tariffs is aimed at addressing the increasing US trade deficit and aligns with the broader America First policy. India imposes significantly higher tariffs than the US, particularly in agriculture where it imposes a simple average tariff of 39% and a trade-weighted tariff of 65%, compared to the US’s …

India to gain in an uncertain world of tariffs, says SBI report
6 days, 7 hours ago

India to gain in an uncertain world of tariffs, says SBI report

The Hindu  

As tariff action by U.S. President Donald Trump looms large, the State Bank of India in a special report said that India however would stand to gain in an increasingly uncertain world of tariffs. Long trends indicate a possible downturn in U.S. economy GDP growth along with a slowdown in U.S. exports and consumption,” SBI said in the report. “We …

SBI report pegs India as a gainer in an increasingly uncertain world of tariffs
6 days, 10 hours ago

SBI report pegs India as a gainer in an increasingly uncertain world of tariffs

Hindustan Times  

New Delhi March 17 : US President Donald Trump's plan to impose reciprocal tariffs may only lead to a 3-3.5 per cent decline in Indian exports, and the effect will be negated by higher exports, according to SBI Research released on Monday. India's focus on FTAs, digital trade, and export expansion may help it navigate uncertainties and emerge stronger in …

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know
6 days, 16 hours ago

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know

India Today  

The US is set to impose reciprocal tariffs from April 2, which means some Indian exports are set to face higher import duties. According to the report, US tariffs mayonly lead to a 3-3.5% decline in exports, and India’s growing exports in manufacturing and services will negate the impact of reciprocal tariffs. SBI Research pointed out that India has diversified …

Why Trump’s trade war with China is bad news for Indian chemical exporters
1 week ago

Why Trump’s trade war with China is bad news for Indian chemical exporters

Live Mint  

Repercussions of US President Donald Trump’s tariffs on China will likely be felt not just in several domestic sectors but also in key export destinations for Indian companies as Chinese firms turn to less-taxing geographies. This is because the US tariffs could force Chinese chemicals companies to flood other markets with cheaper products, depressing global prices and causing stiff competition …

Trump, trade and tariffs | A time for something grand and big
1 week ago

Trump, trade and tariffs | A time for something grand and big

India Today  

Donald Trump has been in office for just over a month, but has already sent shock waves across the realms of geopolitics and world trade. At the India Today Conclave, Lutnick participated live from Washington D.C. and took questions on a range of issues ranging from reciprocal tariffs, America’s bilateral relations with India and China, arms supply to India, the …

Trade, tariff, traffic & Trump | Choppy trade waters
1 week ago

Trade, tariff, traffic & Trump | Choppy trade waters

India Today  

With the sword of reciprocal tariffs hanging over its head, India lost no time in trying to seal a trade deal with the United States that aims to increase bilateral trade from $200 billion at present to $500 billion by the turn of the decade. But neither that deal nor India’s decision to lower tariffs on some US imports like …

How Trump’s tariffs can be opportunity in crisis for India
Trending News
1 week, 1 day ago

How Trump’s tariffs can be opportunity in crisis for India

Firstpost  

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. India’s Historical Inward Focus India has a robust domestic market, which accounts for approximately 60 per cent of its GDP. The result was a 10-18 per cent cost disability in assembly and manufacturing compared to Southeast Asian rivals, leaving India’s …

What are the implications of Trump’s threat to ‘mirror’ India’s tariffs? | In Focus podcast
1 week, 2 days ago

What are the implications of Trump’s threat to ‘mirror’ India’s tariffs? | In Focus podcast

The Hindu  

The United States is India’s biggest trading partner. In 2023, the U.S.-India bilateral trade in goods and services stood at $190.08 billion -- $123.89 billion in goods and $66.19 billion in services trade. American exports into India also face a higher rate of tariffs than India’s exports to the US. Now President Donald Trump has said that the US will …

Trump’s tariff war: Who’s fighting back, who’s not? What about India?
1 week, 3 days ago

Trump’s tariff war: Who’s fighting back, who’s not? What about India?

Firstpost  

US President Donald Trump has imposed sweeping tariffs, including a 25 per cent levy on steel and aluminium imports and a 25 per cent tariff on goods from Mexico and Canada, with limited exemptions. Trump’s tariffs on Canada and Mexico On March 4, the Trump administration imposed a 25 per cent import tariff on goods from Canada and Mexico, with …

US Flags High Tariff By India On American Alcohol, Agricultural Goods: 'Not Helping...'
Trending News
1 week, 4 days ago

US Flags High Tariff By India On American Alcohol, Agricultural Goods: 'Not Helping...'

ABP News  

The White House once again highlighted the high tariffs imposed by India on several American products, including alcohol and agricultural goods. The reference to the high tariff imposed by India was made by White House Press Secretary Karoline Leavitt during a briefing on Tuesday while responding to a question on Canada. India 'Very High Tariff Nation': Trump Earlier, Trump had …

India, US working on removing trade barriers: MoS
Trending News
1 week, 4 days ago

India, US working on removing trade barriers: MoS

Hindustan Times  

India and the US will focus on increasing market access for each other, reducing tariff and non-tariff barriers, and enhancing supply chain integration, minister of state for commerce Jitin Prasada told the Lok Sabha on Tuesday after an Indian ministerial delegation concluded the week-long America visit, as the two sides work on a Bilateral Trade Agreement which they hope to …

On US reciprocal tariffs on India, Centre's updates in Parliament
1 week, 5 days ago

On US reciprocal tariffs on India, Centre's updates in Parliament

Hindustan Times  

The Centre on Tuesday informed Parliament that as of date, the United States has not imposed reciprocal tariffs on India. The clarification comes days after US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as “very unfair” and announced reciprocal tariffs from April 2 on nations that impose levies on American goods. In …

India & US negotiating mutually beneficial trade agreement, govt tells parliament
1 week, 5 days ago

India & US negotiating mutually beneficial trade agreement, govt tells parliament

Firstpost  

As US President Donald Trump is pursuing a tariff war, India and the United States are negotiating a mutually beneficial trade agreement, according to the Narendra Modi government Prime Minister Narendra Modi and US President Donald Trump at the White House. In a written response to a question, Union Minister of State for Commerce and Industry Jitin Prasada told the …

India-US Trade Deal Expected To Finalise By Fall 2025, Says Morgan Stanley
1 week, 5 days ago

India-US Trade Deal Expected To Finalise By Fall 2025, Says Morgan Stanley

ABP News  

A trade deal between India and the US would likely take some time but will materialise by the fall 2025, according to a Morgan Stanley report released on Tuesday. According to the report, while India can eventually reach a trade deal with the US, it would be relatively more challenging given the multiple bilateral trade issues. The report underscored that …

New Delhi counters Trump's 'India cutting tariffs way down' claim, says 'no commitments'
1 week, 5 days ago

New Delhi counters Trump's 'India cutting tariffs way down' claim, says 'no commitments'

New Indian Express  

NEW DELHI: India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down." He has also blamed all trading partners of "unfair" practices, and has announced reciprocal tariffs on many countries, including India, to begin from next month on April 2. …

India, US to increase market access, reduce tariff, non-tariff barriers: Centre tells Parliament
1 week, 5 days ago

India, US to increase market access, reduce tariff, non-tariff barriers: Centre tells Parliament

New Indian Express  

NEW DELHI: India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as of date, …

Indian IT firms need to invest in more US-based services to avoid tariffs: industry experts
1 week, 5 days ago

Indian IT firms need to invest in more US-based services to avoid tariffs: industry experts

New Indian Express  

BENGALURU: With concerns growing about the effects of US President Donald Trump's proposed tariffs, experts say the IT services industry is not an exception as the US is always a major destination, and that they need to invest in more US-based services in order to avoid tariffs. According to them, significant tariffs placed on services could significantly disrupt the IT …

India, US to focus on increasing market access, reducing tariff, non-tariff barriers: Centre tells Parliament
Trending News
1 week, 5 days ago

India, US to focus on increasing market access, reducing tariff, non-tariff barriers: Centre tells Parliament

New Indian Express  

NEW DELHI: India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as of date, …

No commitments made: India on Donald Trump's tariff cut claim
1 week, 5 days ago

No commitments made: India on Donald Trump's tariff cut claim

India Today  

India has made no commitments on trade tariff reductions to the United States, Commerce Secretary Sunil Barthwal informed a Parliamentary panel on Monday. Barthwal's statement came in response to US President Donald Trump’s recent assertion that India has agreed to bring its tariffs "way down". With several members of the Parliament panel raising concerns over Donald Trump's recent claim of …

Trade war: How best to brace for the return of ‘beggar thy neighbour’ policies
1 week, 6 days ago

Trade war: How best to brace for the return of ‘beggar thy neighbour’ policies

Live Mint  

The word ‘tariff’ traces its origin to the Arabic word ‘ arrafa,’ meaning notify. That’s because in an inter-dependent world, higher tariffs attract retaliatory levies and in an overall sense restrict trade among nations. The ‘almost fully free-trade world’ of the last 40-50 years functioned reasonably well with low levels of tariffs across the board. Imposing tariffs on Mexico and …

Ajit Ranade: India must formulate a strategy to boost agricultural exports
1 week, 6 days ago

Ajit Ranade: India must formulate a strategy to boost agricultural exports

Live Mint  

US President Donald Trump issued executive orders slapping high tariffs on imports from Canada, Mexico and China. This protectionist drift was probably caused by the misguided notion that it would help our manufacturing sector under the ‘Make in India’ initiative or act as a carrot for the sectors granted production-linked incentives. India has the world’s largest population of cattle and …

India-EU trade deal talks set to begin Monday amid major unresolved issues
Trending News
1 week, 6 days ago

India-EU trade deal talks set to begin Monday amid major unresolved issues

Live Mint  

New Delhi: India and the European Union are all set to engage in the 10th round of negotiations for the broad-based trade and investment agreement in Brussels from 10-14 March, as both sides aim to resolve key issues and finalise the long-pending trade deal by the end of the year. India wants recognition as a data-secure country under the EU’s …

US Tariffs Could Impact Indian Drug Makers, See How Pharma Sector Will Fare
2 weeks ago

US Tariffs Could Impact Indian Drug Makers, See How Pharma Sector Will Fare

ABP News  

The tariffs from the US could severely affect Indian drug manufacturers as the duties would result in higher production costs and make shipments less competitive in comparison to products from other nations. Experts believe that the pharma sector in India should brace for a huge impact from US President Donald Trump’s fresh tariffs. US Market Accounts For A Third Of …

How India should respond to Trump’s tariff threats
Trending News
2 weeks ago

How India should respond to Trump’s tariff threats

Firstpost  

History shows that merely accommodating US demands, that too especially under the Trump administration, without clear reciprocity is often misinterpreted as weakness; India’s response should neither be reactionary nor submissive US President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, DC, US, on February 13, …

India, E.U. to hold next round of FTA talks from March 10 amid Trump tariff threats
2 weeks ago

India, E.U. to hold next round of FTA talks from March 10 amid Trump tariff threats

The Hindu  

India and the 27-nation European Union bloc will start the tenth round of negotiations for a proposed free trade agreement from Monday in Brussels amid Trump tariff threats, according to an official. According to the think tank Global Trade Research Initiative, key sticking points include agricultural tariffs, especially on dairy and wine import duties, automobile tariffs, and regulatory barriers affecting …

India’s US tariff cut down not an ‘extraordinary step’, similar deals done with THESE countries
2 weeks ago

India’s US tariff cut down not an ‘extraordinary step’, similar deals done with THESE countries

Live Mint  

India agreeing to cut its tariffs is not an “extraordinary step", a government source told News 18 on Saturday. 'India agreed to cut tariffs way down' US President Donald Trump said in Saturday that India has agreed to cut its tariffs “way down” as he reiterated his claim that the country charges America massive tariffs that make it difficult to …

India, US trade talks focus on tariffs, market access, and sensitive sectors
Trending News
2 weeks ago

India, US trade talks focus on tariffs, market access, and sensitive sectors

New Indian Express  

NEW DELHI: As India and the US begin trade talks, New Delhi has conveyed that it has been reducing applied tariffs in agreements with developed countries, while emphasising a “mutually beneficial” approach and “sensitive handling of sectors like agriculture”, a key focus of the Trump administration in seeking greater market access. Reducing “average applied tariff significantly” has been a key …

India's tariff cuts align with past trade pacts, not Trump pressure: Sources
2 weeks ago

India's tariff cuts align with past trade pacts, not Trump pressure: Sources

India Today  

With less than a month to go for US President Donald Trump's April 2 deadline to impose reciprocal tariffs on India, highly-placed sources have defended New Delhi's move to significantly reduce tariffs as part of the country's broader efforts to advance trade ties with developed nations via bilateral agreements. The US is India's largest trading partner, with bilateral trade reaching …

Textile and apparel exporters suggest reduction in tariff with the U.S.
Trending News
2 weeks ago

Textile and apparel exporters suggest reduction in tariff with the U.S.

The Hindu  

Most textile and apparel export associations have suggested to the government to go in for reduction of tariff or zero-for-zero trade agreement with the U.S. The Apparel Export Promotion Council said the tariff levied by the U.S. on textiles and apparel ranges from 2% to 32%. According to the Confederation of Indian Textile Industry, the U.S. is the single largest …

Trump says India has been ‘exposed for what they have done’ as he attacks India’s tariffs again
Top News
2 weeks, 1 day ago

Trump says India has been ‘exposed for what they have done’ as he attacks India’s tariffs again

The Hindu  

U.S. President Donald Trump on Thursday attacked India’s tariffs regime, saying it is next to impossible to sell anything to India because of the “high tariffs.” Speaking to reporters, Mr. Trump focused on the tariffs his administration will be putting in effect soon. However, Mr. Trump also revealed that India has agreed to slash its tariffs significantly, allegedly because “somebody …

Textiles sector eyes zero tariffs in India-US trade
2 weeks, 1 day ago

Textiles sector eyes zero tariffs in India-US trade

Live Mint  

New Delhi: Zero for zero is the buzzword in India’s textile and apparel industry as sector leaders urged the government to push for nil tariffs either way for trade between India and the US. According to Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation, India's current 5.9% share in US apparel imports could increase to 10% if zero-duty access is …

US President Donald Trump claims India has agreed to cut tariffs ‘way down’
Top News
2 weeks, 1 day ago

US President Donald Trump claims India has agreed to cut tariffs ‘way down’

Live Mint  

US President Donald Trump claimed on Friday that India has agreed to significantly cut down tariffs on American imports. This announcement follows Trump’s earlier declaration that reciprocal tariffs would be imposed on India starting April 2, in response to what he described as “unfair” trade policies towards the United States. Ongoing trade talks with India Trump's comments come at a …

‘Somebody is finally exposing them:’ Trump says India agreed to cut tariffs ‘way down’
2 weeks, 1 day ago

‘Somebody is finally exposing them:’ Trump says India agreed to cut tariffs ‘way down’

Firstpost  

Notably, India’s Commerce Minister Piyush Goyal is visiting Washington these days to resolve trade issues and hold negotiations with his American counterpart Howard Lutnick US President Donald Trump said Friday India that had agreed to lower tariffs because “somebody is finally exposing them”. You can't even sell anything in India.They have agreed, by the way; they want to cut their …

US President Trump Says India Has Agreed To Cut Tariffs: 'Exposed Them For What They Have Done'
Top News
2 weeks, 1 day ago

US President Trump Says India Has Agreed To Cut Tariffs: 'Exposed Them For What They Have Done'

ABP News  

US President Donald Trump said on Friday that India has agreed to cut their tariffs "way down" after he earlier said that the country was a "very high tariff nation." India-US Trade Agreement Trump's remark came hours after a spokesperson for the Ministry of External Affairs, Randhir Jaiswal said the proposed India-US trade agreement seeks to lower tariff, and non-tariff …

Trump claims India has agreed to cut tariffs: ‘Somebody is finally exposing them’
2 weeks, 1 day ago

Trump claims India has agreed to cut tariffs: ‘Somebody is finally exposing them’

Hindustan Times  

US President Donald Trump on Friday said that India has agreed to cut tariffs significantly because he is finally exposing New Delhi for imposing ‘massive tariffs’ on American imports. MEA says US deal can ‘boost trade’ The ministry of external affairs spokesperson Randhir Jaiswal said on Saturday that the planned Bilateral Trade Agreement with the US can potentially boost bilateral …

Trump’s tariff war | Is India prepared to deal with it?
2 weeks, 2 days ago

Trump’s tariff war | Is India prepared to deal with it?

The Hindu  

Trump’s tariff war | Is India prepared to deal with it? There is the USTR’s Indi brief too US Trade Representative India brief – for the US administration’s perspective 2. Trade War Containers Don’t Lie: Navigating the Bluster Lori Ann Larocco There are a few useful papers: 6. Trump’s Trade Policies Peril Global Economic Stability Script & Presentation: Suhasini Haidar …

'India-US Trade Deal Aims To Reduce Tariffs, Increase Market Access': MEA After Trump’s Remarks
2 weeks, 2 days ago

'India-US Trade Deal Aims To Reduce Tariffs, Increase Market Access': MEA After Trump’s Remarks

ABP News  

The Ministry of External Affairs on Friday said the proposed India-US trade agreement seeks to lower tariff and non-tariff barriers, expand market access, and strengthen supply chain integration. Responding to a question regarding the Trump administration’s remarks on retaliatory tariffs against India, Jaiswal also highlighted Union Commerce Minister Piyush Goyal’s recent visit to the US as part of ongoing efforts …

India seeks to deepen trade ties with US by reducing tariff barriers via bilateral trade deal
2 weeks, 2 days ago

India seeks to deepen trade ties with US by reducing tariff barriers via bilateral trade deal

Live Mint  

India seeks to deepen trade ties with the US by reducing tariff and non-tariff barriers through a bilateral trade deal. In line with his "America First" policy, Trump announced reciprocal tariffs on numerous trading partners and nations that impose higher levies on imports from the US starting April 2. India-US Trade Deal External Affairs Ministry spokesperson Randhir Jaiswal said that …

India Eyes $6B Export Boost with US Trade Deal
2 weeks, 2 days ago

India Eyes $6B Export Boost with US Trade Deal

Deccan Chronicle  

Chennai: The textile industry hopes that a zero-for-zero trade agreement with the US will increase exports by $6 billion in three years. The US contributed to 28.5 per cent of India’s total textile and apparel exports between January and November 2024. However, the recent trade tensions saw US firms partially moving away from China and this has benefited Vietnam and …

In charts: What reciprocal tariff threat could mean for Indian goods
Top News
2 weeks, 2 days ago

In charts: What reciprocal tariff threat could mean for Indian goods

Live Mint  

US President Donald Trump has been relentless in his pursuit of a tariff overhaul ever since assuming office in January. India, along with other emerging Asian economies like Thailand and China, has much higher tariff rates on the US, making them more vulnerable to reciprocal tariffs. If the US imposes reciprocal tariffs, India’s exports to the country could drop by …

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