Trump’s 25% tariff on Indian goods from August 1 reignites uncertainty, ending months of speculation over a possible trade breakthrough
Despite early optimism and Trump’s own statements about a “big deal,” negotiations failed to yield results, leaving India exposed
India exported $86 billion to the US in FY25. The tariff puts those flows at risk, with ripple effects on jobs, growth, and competitiveness
Recent global investments aimed at de-risking from China may now stall, as Vietnam gains edge in a more tariff-friendly environment
India’s stand on protecting agriculture may have cost market access. As peers strike deals, India must weigh development against integration
If tariffs persist, growth forecasts must adjust. India needs to revisit its trade strategy and decide whether talks should quietly resume