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.
19 Articles
19 Articles
Commercial war: India cashes but adapts after Trump's customs duties
Donald Trump has imposed tariffs of up to 27% on certain Indian products. A protectionist measure that has slowed down some exports. Yet, despite this twist, India retains a comparative advantage over its Asian neighbours, such as China or Vietnam, which are much harder hit by US customs barriers.
Trump’s 27% Tariff on India: Will a Trade Deal Still Happen in 2025?
India faces a steep 27% tariff under Trump’s new trade policy, shaking global markets and alliances. While major economies retaliate, India explores trade deal opportunities instead of resistance. Can Modi navigate this pressure and protect India’s economic interests?
Pharma, jewellery and garments… India’s big winners and losers after Trump’s ‘Liberation Day’ tariffs
US President Donald Trump has imposed a country-level tariff of 27 per cent on exports from India as part of his ‘Liberation Day’ announcement. While these levies have been imposed to address the trade imbalance between New Delhi and Washington, experts note, it will give some sectors like the garment industry an advantage over other countries
Coverage Details
Bias Distribution
- 50% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage