‘Harrowing night for us; trade in state of shock’: Exporters recall moment US imposed 50% tariff

Exporters across India faced late-night calls from US buyers cancelling or pausing orders after President Trump doubled tariffs on Indian goods to 50%. Apparel, seafood, gems and jewellery sectors are hit hardest. Buyers refuse to absorb the added costs, forcing some orders to shift to lower-tariff countries. Exporters warn of job losses and production halts amid mounting uncertainty.

Create your account