Indian businesses anticipate significant order losses during the festival season due to Donald Trump’s 50% tariffs on exports to the US, making competition with other countries difficult. Exporters are hoping for a breakthrough in trade negotiations, but many orders are already on hold as buyers reassess sourcing. Diversification is challenging as China increases its focus on European and other markets. Indian businesses anticipate significant order losses during the festival season due to Donald Trump’s 50% tariffs on exports to the US, making competition with other countries difficult. Exporters are hoping for a breakthrough in trade negotiations, but many orders are already on hold as buyers reassess sourcing. Diversification is challenging as China increases its focus on European and other markets.
