Trump's Tariff Tsunami: India's Trade Challenge

The escalating trade tensions between the US and India, sparked by President Trump's aggressive tariff policies, have placed significant pressure on Indian exports. The imposition of high tariffs on various sectors threatens to severely impact India's trade, with exporters expressing deep concern over possible losses.

The ongoing trade standoff between the United States and India has reached new heights under President Donald Trump's administration. Labeling India as the 'Tariff King,' Trump has employed a series of tariff hikes as leverage in negotiations over a proposed Bilateral Trade Agreement.

Recent actions include the imposition of a baseline 10% tariff on Indian imports, with additional country-specific rates. The White House suspended a 16% tariff but later enforced a staggering 50% duty, targeting sectors like steel and aluminum, while exempting pharmaceuticals and energy products.

Impacted sectors, including textiles, shrimp, and machinery, fear significant market losses. Indian exporters forecast a potential 40-50% drop in US-bound shipments, as competitors enjoy lower tariffs. Industry leaders describe these measures as a 'severe setback' and warn of dire economic repercussions.

(With inputs from agencies.)