Indian exporters scrambling for options to mitigate fallout of Trump’s tariffs
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An employee works inside an engineering goods export unit in the manufacturing hub of Faridabad on the outskirts of New Delhi, India. — Reuters/File
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Indian exporters are roaming for US President Donald Trump’s powers to reduce the powers to threaten tariff Slovo against the world’s most populous nation.
Trump said that if India continues to buy Russian oil, Trump continues to buy Russian oil, warning many of the losses after Trump.
“On 50 % tariffs, no product from India can tolerate any competitive edge,” said Garima Kapoor, a economist from Elara Securities.
India, which is one of the world’s largest crude oil importers, has to find alternatives to replace one -third of its existing oil supply from abroad by August 27.
Although the New Delhi Export Power House is not, it sent about $ 87 billion worth of goods to the United States in 2024.
This 50 % levy has now threatened to accelerate labor -related industries, from jewelry and jewelry to textile and seafood.
The Global Trade Research Initiative is estimated to reduce US sales by 60 % in sectors such as garments in 2025.
Exporters say they are already racing to meet orders before the deadline.
“We are shipping whatever we can send before August 27,” said Vijay Kumar Agarwal, chairman of the creative group. Mumbai -based textile and garment exporter has about 80 percent exhibition in the US market.
But Agarwal warned that it was just a problem.
Sending goods before the deadline, he said, “does not” solve the problem “.
“If this is not a solution, there will be chaos,” he said, adding that he is worried about the future of his 15,000 to 16,000 employees.
“This is a very sad situation […] This will be a huge loss of business. “
New Delhi in a critical situation
Far away from business access, talks to resolve the issue of geopolitics occupying. Trump is ready to meet Vladimir Putin on Friday, when Russia launched a full -fledged attack on Ukraine in February 2022.
New Delhi is in a critical situation with a long -standing relationship with Moscow.
Since the threats of Trump’s prices, Prime Minister Narendra Modi has spoken to both Putin and Ukrainian President Woldmeer Zillsky, and called for a “peaceful resolution” for the dispute.
Meanwhile, the US tariff influence in India is already being felt.
Businesses say some US buyers’ fresh orders have begun to dry – which threatens millions of dollars in future business and the livelihood of hundreds of thousands in the world’s largest economy.
In India’s largest apparel makers, some want to move their US orders elsewhere in global manufacturing operations.
The top exporter of the Pearl Global Industries has told Indian media that some of its US consumers asked that orders be prepared in lower duty countries like Vietnam or Bangladesh, where the company also has manufacturing facilities.
Gokaldas exports, a Major apparel company, told Bloomberg that it could increase production in Ethiopia and Kenya, which has 10 % tariff.
‘To stop’
Moody has recently warned that for India, “the more broader tariff gap” “can also turn some of the benefits of recent years in attracting relevant investment.”
India’s jewelry and jewelry industry exported more than 10 billion worth of goods last year and hundreds of thousands of people work.
“Nothing is happening anymore, everything has been stopped, new orders have been stopped,” told AFP of De Nunchandra Export Export.
“We expect workers from 1.5 million to 200,000 workers.”
Gems, and other expensive unnecessary items, are weak.
Mehta added, “There was a 10 % tariff absorption – not 25 %, leave it 50 %.”
“At the end of the day, we deal with luxury products. When the cost goes beyond a point, consumers will be lagging behind.”
Seafood exporters, who are told by some US buyers to keep shipment, are hoping for new consumers.
“We want to diversify our markets,” says Alex Nannon, partner in the Baby Marine Group.
“The United States is just outside. We have to push our products to alternative markets, such as China, Japan … Russia is another market that we are really looking for.”
However, Nanin has warned that it is far from easy. “You can’t make a market suddenly,” he said.
