India's exports to the US could see a 6.4% impact due to Trump's tariff measures, with fish products, iron and steel being the worst hit sectors.
The newly announced Trump-era tariffs could make exports decline by approximately $5.76 billion, from India's 2024 figure of $89.81 billion worth of goods.
Key product groups like fish and crustaceans, iron or steel articles, and diamonds, gold, and related products are expected to see significant reductions in exports.
However, India may gain modest export gains in sectors where the US has raised tariffs on competing countries such as textiles, apparel, ceramic products, albuminoidal substances, glues, enzymes, inorganic chemicals, and pharmaceuticals.