Rajeev Agrawal from DoorDarshi India Fund explains that Trumps tariffs will start high to push negotiations and significantly impact the US consumer first. India, with a 26% tariff, is less affected compared to competitors like China,

The US is India’s largest trading partner and biggest export market. According to commerce ministry data, India’s share in US’s imports increased from 0.9% in 2001 to 2.8% in 2023. In the same period, imports from India to the US increased by a CAGR of 10.48% compared to a 4.76% increase of imports from the rest of the world to the US.

A senior Indian official confirmed that the Ministry of Commerce is currently assessing the impact of the proposed tariff, with the implications under close review