The tariff effect: India’s US export down 16%, GTRI warns of further trade and job loss
India's exports to the US have been severely impacted by high tariffs imposed by the Trump administration, resulting in a steep decline in August to USD 6.7 billion. Labour-intensive sectors like apparel, gems, and jewellery are the most affected. If the tariffs persist, India could suffer a loss of USD 30-35 billion in exports