President Trump’s decision to impose a 50% tariff on Indian goods has prompted major US retailers like Amazon and Walmart to cease new orders from India. This move is expected to significantly impact India’s export sector. The US accounts for a substantial portion of India’s exports, making the tariff a major concern. The apparel and textile industries are expected to bear the brunt of the impact, given their significant export volume to the US. Exporters are facing requests from US buyers to suspend shipments, citing the added cost of the tariffs. Beyond textiles and apparel, sectors like gems and jewellery, auto parts, leather goods, and marine products are also at risk. These industries often involve Micro, Small, and Medium Enterprises (MSMEs), which could face considerable hardship.
Trump’s Tariffs and Retailer Halts: The Economic Fallout for India
By The Chhattisgarh1 Min Read