US Tariff Hike Threatens Indian Exports, Spurs Diversification: Experts
Business
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Moneycontrol•05-01-2026, 21:26
US Tariff Hike Threatens Indian Exports, Spurs Diversification: Experts
- •US President Trump threatened higher tariffs on Indian goods over Russian oil purchases.
- •Experts warn further US tariffs could severely impact India's exports, already down 20.7% (May-Nov 2025).
- •Existing 50% tariffs, with 25% linked to Russian crude, already burden Indian goods.
- •Exporters' bodies like FIEO see potential tariffs as a catalyst for market diversification and de-risking.
- •Despite threats, India's merchandise exports to the US grew in November and April-November, while bilateral trade talks continue.
Why It Matters: US tariff threats push India to diversify exports while navigating ongoing trade talks.
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