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Trump’s 27% Tariff on India: Will a Trade Deal Still Happen in 2025?

  • On April 2, US President Donald Trump announced a 27% tariff on Indian goods, part of his 10% tariffs on all exporters targeting unfair trade imbalances.
  • The stock markets reacted sharply, with the S&P 500 down 4.8%, the Nasdaq falling 6.0%, and the Dow Jones decreasing by 4.0% following the tariff announcements.
  • Indian pharmaceutical exports were exempted from these tariffs, leading to gains for companies like Lupin Ltd and Sun Pharmaceutical Industries Ltd.
  • Experts warn that the gems and jewellery sector could face significant downturns due to the new tariffs, affecting major export categories like cut and polished diamonds and gold jewellery.
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NEWS9 LIVE broke the news in on Thursday, April 3, 2025.
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