These indian industries may be impacted by the trump tariff.  The president of the most powerful nation in the world, donald trump, has declared that the united states will impose retaliatory tariffs on numerous nations worldwide.
 
He has stated unequivocally that he will begin enforcing this tariff on april 2. The list of nations having tariffs also includes India. Reciprocal tariffs may also be extremely detrimental to india in such a scenario. Given that America is India's second-largest trading partner, the trump tariff will have a particularly negative impact on the country's economy. Let us tell you which indian industries will be impacted by the trump tariff in such a scenario.
 
Certain indian industries may be impacted by the US tariff.  These include the steel, textile, automotive, pharmaceutical, and IT industries.

1. Effect on the IT industry
 
India's IT industry is heavily reliant on the United States.  America is a major source of business for India's largest IT firms, including TCS, Infosys, Wipro, and HCL.  IT companies may have trouble obtaining new projects as a result of Trump's potential tariff policies and changes to visa regulations.  Tighter H-1B visa requirements will make it harder for indian specialists to work in the US, which will hinder the expansion of businesses.

2. The pharmaceutical industry's setback
 
The biggest provider of generic medications to the united states is India.  The American market brings in billions of dollars for indian pharmaceutical companies, including sun Pharma, Dr. Reddy's, Cipla, and Lupin.  The price of indian medications may rise if the trump administration raises duties on them, which would directly affect exports.  In addition, indian pharmaceutical businesses' ability to export may be impacted if FDA (US Food and Drug Administration) regulations are tightened.

3. The automotive industry's challenge
 
For businesses like Mahindra, maruti Suzuki, and Tata Motors, America is a significant market.  Indian automakers may find it challenging to sell their vehicles in the united states if trump raises import taxes.  A setback might also affect the car component and electric vehicle industries, which could result in less investment.

4. Effect on the Textile Sector
 
The indian textile and apparel sector exports extensively to the United States.  Indian businesses' prices may lag behind those of their competitors if the trump administration raises tariffs on indian textiles.  Competitive economies like vietnam and bangladesh may profit from this.
 
5. Effect on the aluminum and steel industries
 
Indian exporters suffered significant losses as a result of higher steel and aluminum tariffs imposed during Trump's first term.  His reelection as president could have a significant impact on India's steel and metal sector.  Companies like Tata Steel, SAIL, and JSW Steel may see a drop in exports.

What choices does india have?
 
Looking for new markets: india ought to support its businesses' expansion into Asia, the Middle East, and Europe.
 
Emphasis on self-sufficient India: To lessen reliance on the US market, indian businesses should encourage domestic manufacturing and consumption.
 
Bilateral discussions with the US: The indian government ought to attempt to settle tariff disputes with the US through trade discussions.
 
It will have a significant impact on the economy as well.

Whatever, Modi should do something bold instead of keeping a muted response.
 
 
 
 

 
 
 
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

SIBY JEYYA

06/03/2025 09:08 AM