<ul><li>The announcement of 27% reciprocal tariffs on India by US President Donald Trump would bring a major realignment in global trade and manufacturing value chains.</li><li>India Inc believes the real impact of the announcements may be gauged only after a proper assessment.</li><li>India has been placed in the middle of the tariff rates at 27% in addition to 10% baseline duties, which need to be assessed for real impact.</li><li>India's export competitiveness to the US market stands relatively less impacted, and efforts should be made to increase export efficiency and value addition to mitigate the impact of these tariffs.</li></ul>

US tariffs will bring major realignment in global trade: India Inc

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