US President Trump Announces Tariffs on Various Countries, Impact on Indian Exports

US President Donald Trump's tariffs are scheduled to be enforced on August 1, impacting several countries, including India. Despite negotiations, reciprocal tariffs will now be in effect starting August 1, 2025. President Trump has proposed tariffs ranging from 25% to 40% on imports from countries like Japan, South Korea, Myanmar, Laos, Thailand, and others. This move is expected to have significant implications for Indian exports, with some sectors benefiting from the situation while others may face challenges. Mohit Gulati, the CIO, emphasized the need for India to capitalize on its strengths amidst the evolving trade scenario. The impact on Indian export trajectory post-tariffs remains to be seen.