India's $434 billion merchandise exports engine: What's at stake after Trump doubles tariffs to 50%
127d ago
Business
CNBC

India's merchandise exports, valued at $434 billion, are facing potential headwinds as the United States considers doubling tariffs to 50%. Analysts caution that this increase could significantly reduce the competitiveness of Indian exports in the U.S. market, especially when compared to other nations in the region. The move threatens to dampen the appeal of Indian goods for American consumers and businesses, potentially impacting India's export-driven economic growth.