India, April 4 -- What do Trump's reciprocal tariffs mean for India? As of now, they entail a massive increase in tariffs faced by Indian goods in the US markets. Trump's 27% adjusted reciprocal tariff on India will be over and above the tariffs that were there on Indian goods. A Barclays research report issued last week estimated that India faced a tariff of 2.7% on its exports to the US, while US exports to India encountered a tariff of 10.5%. Unless India retaliates to the US's latest tariffs - there are no such indications from the Indian government as of now - it is Indian exports that will now face a higher tariff in the US than US exports to India.

Will this lead to a significant loss of export market for India in the US? The US, ...