Indian exporters in the engineering and leather goods sectors are grappling with financial challenges following the imposition of a 25% additional tariff by President Trump. The move has resulted in shipments worth $5 billion being put on hold, as US buyers push for price adjustments and discounts. This development has put significant pressure on the affected industries, prompting leaders to stress the importance of diversifying into other markets. The ongoing uncertainty in trade relations with the US has underscored the need for Indian exporters to explore new avenues for their products to ensure business sustainability and growth.
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Trump’s 25% Tariffs Hit Indian Exporters, $5 Billion Shipments on Hold; Industry Urges Market Diversification
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