US President Donald Trump's Aggressive Tariff Move

US President Donald Trump has introduced a comprehensive tariff regime, imposing a minimum 10% duty on nearly all goods entering the United States. This bold step affects trade with 180 countries, marking a significant shift in American trade policy. India, facing a 26% duty on all exports to the US, is among the hardest hit.

Impact on Indian Exports: The gems and jewellery sector, accounting for nearly 13% of India's exports to the US, is expected to suffer the most. Rising gold prices may further exacerbate the situation.

Global Brands and Industries Under Strain

From textiles to electronics, and seafood to engineering goods, Indian exporters are bracing for financial impacts. Global brands like Nike and Adidas, reliant on Vietnamese production, face increased costs due to a 46% duty on Vietnamese goods. Apple, with products manufactured in tariff-affected countries, may see global price hikes.

Auto Sector and Agricultural Exports Face Uncertainty

The auto industry is bracing for higher costs on imported vehicles, parts, and materials, potentially leading to increased prices for consumers. Meanwhile, Indian exports such as basmati rice, shrimp, and buffalo meat face an uncertain future as US buyers assess the new tariff implications.

Looking Ahead: While the White House defends the tariffs as a move towards fair trade, experts warn of possible retaliatory actions, supply chain disruptions, and higher prices for everyday goods.