Exporters brace for Trump's tariffs, expect turbulence
As Trump imposes 25% additional tariffs, Indian exporters, particularly in engineering and leather goods sectors, face significant financial strain. Shipments worth $5 billion are on hold, with many US buyers demanding price adjustments or discounts. Industry leaders emphasize the need for market diversification amid uncertain trade relations with the US.
As Trump imposes 25% additional tariffs, Indian exporters, particularly in engineering and leather goods sectors, face significant financial strain. Shipments worth $5 billion are on hold, with many US buyers demanding price adjustments or discounts. Industry leaders emphasize the need for market diversification amid uncertain trade relations with the US.
