India's US exports of 1.1% of GDP to be the most vulnerable, adds Motilal Oswal.
India's top exported items to the US are electronics, gems and jewelry, pharma products, machinery for nuclear reactors, and refined petroleum products.
The Trump administration introduced the Reciprocal Tariff Plan, allowing the US to raise tariffs on countries with a trade deficit.
The first set of reciprocal tariffs is expected on April 2, 2025.