<ul><li>US President imposes 27% tariff on Indian imports, impacting various sectors including processed food, textiles, gems, electronics, and chemicals.</li><li>Indian exporters, particularly in the IT and textile sectors, are expected to face significant disruptions.</li><li>Businesses with US exposure are at immediate risk, while domestic-focused companies may be insulated.</li><li>The IT services sector may face indirect pressure with reduced client spending, leading to conservative growth projections for major players.</li></ul>

Tariffs hit hard: TCS shares fall 3.5% as Trump imposes 27% tax on Indian imports

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