At a granular level, with some sectors like pharmaceuticals kept out of purview for now, the overall impact on India is likely to be more indirect than direct
Could lead to slower decision making, less discretionary spending on new-age technology
One of the most affected industries is gems and jewellery, which contributes significantly to India's export earnings
While border issues remain, Trump's tariff war seen as influencing the neighbours' relationship
The automobile sector is not covered in this order since it is already subject to Section 232 tariffs at 25 per cent
New tariffs on cars, electronics, and essentials could drive up costs for Americans, raising concerns over whether Trump's economic strategy will burden consumers more than benefit them
US President Donald Trump, last night, announced major tariffs on imports. Trump has introduced a 10% tax on all imports coming into the US.
US President Donald Trump announced steep ‘reciprocal tariffs’ on nearly all countries, including India. What does this mean for India and the world? Watch the video to know more.
Trump has declared April 2 as 'Liberation Day', asserting that the tariffs will liberate the US from its dependence on foreign goods
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹85,110
Medtech manufacturers' groups expect negotiations may lead to fairer outcomes for both sides
Dubs India's 17% average import levy 'highest of any major world economy', before reciprocal tariff rollout
Credit quality outlook positive amid global uncertainties
The attrition in US energy flows to India comes even as the US announced a 25% tariff on automobile, and proposed to impose a reciprocal tariff on Indian products from April 2
India is concerned specifically about the reciprocal tariffs the US has threatened to impose on April 2
Firms in India tend to be highly connected into the US economy through elite human networks
Analysts at Barclays, meanwhile, estimate that nearly $22 billion worth of India's exports (30 per cent of exports to the US and 5 per cent of total goods exports) are most at risk
The US plan to impose reciprocal tariffs will not have much impact on India and create several opportunities for the country, Niti Aayog Programme Director Pravakar Sahoo said on Friday. Compared to Mexico, China and Canada, which account for 50 per cent of America's total imports, India is favourably placed, he added. "We are looking at the data at a very dis-segregated level...these are preliminary results, but I can just give you the overview that we are not going to lose. This reciprocal tariff is not going to affect except very specific sectors and in fact, there are opportunities to really capture," he added. Sahoo was speaking after the release of the second edition of Niti Aayog's quarterly trade watch. He said that a detailed analysis of the reciprocal tariff plan's impact on India will be presented in the next edition of the report. The three main competitors in the US market are - Canada, Mexico and China. They account for 50 per cent of the USA's total imports of USD 3
India calculating impact of 25% duty on cars, auto parts; firms see hit on margins
Foreign portfolio investors, pressured by poor earnings, high valuations and prospects of US tariffs, have pulled more than $28 billion out of Indian stocks