Export sector face uncertainty as Trump threatens reciprocal tariffs

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Export sector face uncertainty as Trump threatens reciprocal tariffs - Business Standard

Quick Summary:

The labour-intensive industries of textiles, leather and wood products face relatively lower risk, due to smaller tariff differentials or a limited share of US-India trade.

Additionally, many American companies make these products in South Asia and benefit from India's free trade pacts, allowing them to sell them in the domestic market at lower tariffs.

US President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.