Traders in export-focused sectors wary of Donald Trump's tariff threats

Traders across export-focused sectors with a significant business presence in the United States say they are apprehensive of growing noises from Washington DC for higher import tariffs.

India’s export exposure in sectors such as diamond jewellery, pharmaceuticals and marine products with regard to the US remains far higher than steel and aluminium exports, which have attracted US President Donald Trump’s ire. 

The US alone consumes about 30 per cent of India’s annual jewellery exports and 40 per cent of shrimps and prawns. About 40 per cent of all pharma exports also end up stateside. The US is India’s largest export