The impact of the tariffs (import duties) implemented by former President Donald Trump in the US is still being felt on global trade. India is also suffering from this policy. Experts say that due to the increased duty by America, Indian exporters are suffering direct economic loss, due to which trade deficit has increased and production in many industries has been affected.

Under the tariff policy, America started imposing high duties on various products, the main ones being steel, aluminium, automobiles and electronic goods. As a result, Indian exporters are finding it difficult to compete in the US market. Many companies had to postpone or cancel business contracts.

Experts believe that due to Trump tariffs, India’s export profits have decreased and the trade balance is deteriorating. This may lead to shortage of foreign exchange and affect employment. The US is the major export market for Indian industries, and tariffs have increased the price of Indian products in the US market, leading to a decline in demand.

Moreover, Indian companies are having to spend time and resources in finding alternative markets. Many small and medium enterprises (SMEs) have been hardest hit, as they face high tariffs and limited ability to find new markets. Experts also believe that if the tariff policy continues for a long time, it could have a huge impact on the Indian economy.

At the government level, India has raised the issue with US officials. The Ministry of External Affairs and the Ministry of Commerce are constantly paying attention to maintaining the competitive position of Indian products in the American market. For this, India has also announced amendments in the foreign trade policy and support package, so that relief can be given to the affected industries.

International trade analysts say the challenge posed by tariffs is not limited to US-India trade. It is also affecting the global supply chain and putting pressure on India’s trade relations with other countries. He also believes that if global trade policy does not stabilize, Indian exporters may face economic challenges in the long run.

In this situation, experts are suggesting that Indian companies should focus on new markets, technological innovation and price competition. Also, the government will have to ensure more financial and strategic support for exporters, so that the impact of US tariffs can be reduced.

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