New Delhi, April 7 -- India's telecom and agriculture sectors have emerged as the most severely impacted by US President Donald Trump's recent tariff policies, according to data shared in a new report by EY.
The telecom sector has experienced a dramatic increase in tariffs from 0 per cent to 26 per cent effective April 9, 2025, affecting India's USD 6 billion telecom exports to the US.
Despite this substantial hike, India maintains a competitive edge over China and Vietnam, which face even higher duties.
The report suggests several potential remedies, including accelerating the Mission 500 initiative and expediting the Bilateral Trade Agreement (BTA) with the US.
It also recommends that the Indian government extend the Production Link...
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