US President Trump's reciprocal tariffs on Indian exports are expected to have a limited impact, reducing exports by only 3-3.5%, according to an SBI report. India is countering potential impacts by diversifying its export markets and enhancing trade routes,

S&P Global Ratings on Wednesday said the impact of the US reciprocal tariff will be limited on India as the economy is domestically oriented with less reliance on exports. YeeFarn Phua, Director, Sovereigns and International Public Finance Ratings,

Donald Trump reiterated his stance on reciprocal tariffs, telling PM Modi that India will face equal U.S. tariffs on its exports. He emphasized that no country can argue with his approach. Musk confirmed India’s 100% auto import duty.