Midnight shock: India’s export sectors brace for onslaught of Trump tariffs on trade

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Midnight shock: India’s export sectors brace for onslaught of Trump tariffs on trade - Economic Times

Quick Summary:

As Trump’s tariff escalation unfolds with unexpected twists and turns, Indian exporters are confronted with increasing uncertainty in the times ahead.

Srivastava added that India can offer other trade-offs in terms of preferential purchases from the USA.“I expect the tariff rates to be more like a ceiling on customs duties, similar to what India has traditionally had, with actual rates being determined by exemption notifications.

Pankaj Chadha, Chairman, Engineering Export Promotion Council India (EEPC), however, gave a caveat in the current scenario.“The general tariff is 26%; on steel and aluminium, it is 25%.