Trump’s Tariff Threat: Shockwaves Across Indian Economy
Ajay Srivastava, founder of the Global Trade Research Initiative, has warned of a significant impact on various Indian sectors should US President Donald Trump follow through on his threat to impose 20-25% tariffs on Indian goods. The threat, issued late Tuesday evening, July 29, 2025, sent ripples through the market.
The potential ramifications are far-reaching, affecting everything from manufacturing and exports to consumer prices. Specific sectors are expected to feel the brunt more acutely than others.
Srivastava’s analysis highlights the need for proactive measures from the Indian government to mitigate the potential economic fallout. A swift and strategic response is crucial to minimise disruption and safeguard national interests.
The looming threat underscores the delicate balance in India’s trade relations with the US and the importance of diversified trade partnerships for economic resilience. The impact on ordinary citizens, through increased prices on imported goods, should not be underestimated.
