US President Donald Trump’s upcoming “Liberation Day” tariff plan could severely impact key Indian export sectors, triggering trade uncertainty amid fresh deal negotiations.
April 1, 2025: As President Donald Trump’s April 2 deadline for new reciprocal tariffs nears, Indian exporters are bracing for impact. While the US and India continue talks for a potential bilateral trade agreement, confusion persists over the scope and level of these tariffs.
From liquor and seafood to diamonds and dairy, a wide range of sectors are expected to be affected, depending on whether the tariffs are imposed product-wise, sector-wise, or country-wise.
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📈 India-US Trade Snapshot:
- US is India’s largest trading partner
- Accounts for 18% of India’s exports
- Covers 30 sectors, including agriculture and industry
Key Sectors Affected by Tariffs:
- 🥃 Alcohol, Wines & Spirits
- Tariff Hike: 122.10%
- Impact: Exports worth $19.2 million to become non-competitive
- 🧈 Dairy Products (Ghee, Butter, Milk Powder)
- Tariff Hike: 38.23%
- Impact: Trade worth $181.49 million under threat
- 🦐 Seafood, Fish & Meat (incl. Shrimp)
- Tariff Hike: 27.83%
- Impact: Over $2.5 billion in exports at risk
- 🐐 Live Animals & Animal Products
- Tariff Hike: 27.75%
- 🍫 Processed Food, Sugar & Cocoa
- Tariff Hike: 24.99%
- Impact: Exports worth $1.03 billion may suffer
- 👟 Footwear
- Tariff Hike: 15.56%
- 💎 Jewellery (Diamonds, Gold, Silver)
- Tariff Hike: 13.32%
- Impact: $11.88 billion export industry hit
- 💊 Pharmaceuticals
- Tariff Hike: 10.90%
- Impact: Raises costs of generics and life-saving drugs
- 🌴 Edible Oils
- Tariff Hike: 10.67%
📌 Note: Ores, minerals, garments, and petroleum remain unaffected.
Also Read: Trump Slams India’s ‘Massive’ Tariffs: ‘You Can’t Even Sell Anything There’
Tags:
Trump Tariffs, India US Trade, Liberation Day Tariffs, Indian Exports 2025, Trump Trade Policy, Dairy Exports, Seafood Export India, Indian Liquor Exports, India US Relations, Trump India Trade News