India, April 9 -- The Trump administration's sweeping imposition of hefty reciprocal tariffs is a seismic shock to the global trade order. India's exports to the US will be subject to a 26 per cent tariff. The US is the largest market for India's engineering exports. Pankaj Chadha, anticipates the sector will take a $4-5 billion hit in the first year in an interview with Surya Sarathi Ray. Excerpts:
Since the US is the top destination for India's engineering goods exports, how will President Trump's sweeping reciprocal tariffs impact India's engineering goods exports?
The general tariff announced by the Trump administration for India is 26 per cent. This is high enough to impact exports from India and hit the businesses. The US is the top...