Trump’s Tariffs Hit Indian Exporters; $47.5 Billion Impact Feared Across Multiple Sectors

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Trump's Tariffs Hit Indian Exporters; $47.5 Billion Impact Feared Across Multiple Sectors

Indian exporters are confronting major disruptions after the implementation of additional US tariffs on August 27th. The Federation of Indian Export Organizations projects the financial impact could reach $47.5 billion, affecting as much as 55% of India’s exports to the United States. Key industries such as textiles, auto components, engineering goods, rice, and leather have been hit, jeopardising revenue and employment.
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