US Tariff Threat Looms: India's Exports at Risk, Diversification Urged by Experts
India
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CNBC TV18•05-01-2026, 22:08
US Tariff Threat Looms: India's Exports at Risk, Diversification Urged by Experts
- •US threatens further tariff hikes on Indian goods, citing India's Russian oil purchases, potentially impacting exports.
- •Experts warn of severe export impact but also see it as a catalyst for India to accelerate market diversification and de-risk overseas markets.
- •Indian exports to the US already face a steep 50% tariff, with 25% directly tied to Russian crude purchases.
- •India and the US are currently negotiating a bilateral trade agreement aimed at resolving tariffs and doubling trade to USD 500 billion by 2030.
- •India firmly opposes US demands for concessions in agricultural and dairy sectors, prioritizing the interests of farmers and MSMEs.
Why It Matters: US tariff threat pushes India to diversify exports while negotiating a crucial trade deal.
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