Impact of Trump's Tariffs on Indian Exports to the US

The recent increase in tariffs faced by Indian goods in the US market due to Trump's reciprocal tariffs poses a significant challenge to India's export prospects. The tariffs imposed by the Trump administration could lead to a higher tariff for Indian exports to the US than US exports to India, potentially resulting in a loss of export market for India. The impact on India's competitive advantage in the US market will depend on how other exporters to the US have been affected by tariffs. A comprehensive and granular negotiation between the two countries could mitigate the potential losses for India. Additionally, the state of the US economy and the exchange rate of the rupee against the dollar will also influence India's export prospects. Despite India's cautious response to the tariffs, the resolution of this trade disruption is likely to incur some cost for India. The fluidity of these factors in the coming days makes it crucial for India to seek an amicable solution to the challenge posed by Trump's tariffs.