Following President Donald Trump’s decision to levy a 50% tariff on Indian goods, prominent US retailers such as Amazon, Walmart, Target, and Gap have stopped placing new orders from India. This move is expected to have a detrimental effect on India’s export performance. The US is India’s largest trading partner, and this tariff could cause significant losses in export revenue. The textile and apparel sectors are specifically at risk. Many exporters are receiving requests from US buyers to postpone or cancel existing orders due to the increased cost. The government of India has expressed disapproval of the tariffs, viewing them as unfair and unjustified. India is seeking energy security through its oil imports from Russia.
