US President Donald Trump’s recent announcement of new tariffs, imposing a 104% duty on Chinese imports and a 27% levy on Indian products, has heightened trade tensions worldwide. This move has led to retaliatory tariffs from China and the European Union, further exacerbating the situation. Despite Trump’s assertion that foreign leaders are keen to engage in negotiations, his statements have faced backlash, particularly due to the negative impact on global markets and economies. The escalating trade war is a cause for concern among industry experts and policymakers, as it threatens to disrupt international trade relationships and economic stability. The repercussions of these tariffs are being closely monitored by stakeholders in India, as the country braces for potential implications on its exports and overall economic growth.