The world in the grip of Trump's tariffs; How will it affect us?

 

 

The additional tariffs announced by US President Donald Trump have come into effect from today. This is an issue that has led to major discussions and controversies globally in the last few months. Trump has imposed additional tariffs ranging from 10 percent to 41 percent on countries including India. The tariff imposed on India is 25 percent. How will this tax by Trump affect India? Let's see.

The US is India's largest trading partner. In the 2024-25 financial year, bilateral trade between the two countries reached US$ 186 billion. India exported services and goods worth US$ 86.5 billion to the US. Meanwhile, the value of imports from the US was US$ 45.3 billion. In the services sector alone, India exported about $28.7 billion to the US. At the same time, it imported $25.5 billion in services and goods.

India's major exports to the US include pharmaceuticals, telecom equipment such as mobile parts and networking gear, cut diamonds, refined fuels, vehicles, automotive parts, gold and other precious metal jewelry, cotton fabrics, and iron and steel products. India's major imports from the US include crude oil, petroleum products such as LNG, coal, polished diamonds, electrical machinery, aircraft and aerospace parts, and gold.