What’s Happening?
The US has doubled tariffs on Indian exports — blaming not only India’s Russian oil imports but also the slow pace of trade deal talks. Washington says the decision is both a penalty and a pressure tactic.
Who Gets Hit the Most?
- Gems & Jewellery: With the US buying 30% of India’s global sales, Surat’s diamond polishers face a sudden slowdown.
- Seafood & Shrimp: Orders from Walmart and Kroger have paused, leaving Indian shrimp farmers worried.
- Textiles & Apparel: Big exporters like Shahi Exports and Welspun face rising costs as American buyers rethink sourcing.
- Auto Components: Bharat Forge, Sona Comstar, and Motherson may lose business as tariffs touch 50% on large vehicle parts.
Who Escapes the Tariffs?
India’s Reaction
Calling the tariffs “unjustified and unreasonable,” India said it is being unfairly targeted for Russian oil imports. New Delhi has promised support for exporters and may seek new markets to reduce dependence on the US.
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While the US sees the move as a negotiating tool, India is working to soften the blow on its industries. The coming months will show whether the two nations can patch up differences or face a deeper trade rift.