50 Percent Tariff unleashed

The EO by the United States to impose a 50% tariff on select Indian imports marks a turning point in global trade dynamics. Do read the snapshot released by J the App by JustIDT While pharma, petroleum, and electronics continues to be exempted, critical employment-intensive sectors such as textiles, leather, seafood, and gems & jewellery are likely to face immediate impact with the higher tariff. With India’s trade in goods, sure to be impacted in 2025-26, this would test our resilience in supply chains, and foreign exchange stability. The coming months will determine whether India can turn this challenge into an opportunity for deeper diversification and stronger domestic policy support.