New Delhi, April 4 -- US President Donald Trump has announced a steep 27 per cent tariff on imports of Indian goods, triggering concern across global markets and trade analysts.

International brokerage firms have warned of negative impacts on both the Indian and the US economies. The move also draws sharp reactions globally.

According to Deloitte, India's textiles and apparel exports, which were valued at over USD 8 billion in 2024, are likely to be severely affected. These products typically operate on thin margins and are highly price-sensitive. A 10-20 per cent rise in tariffs alone can make Indian textiles uncompetitive compared to countries with more favourable trade deals.

It said "Indian exporters face the prospect of a signific...