‘Worse than Covid’: Trump’s tariffs shake Indian exporters; will it impact China+1 strategy?

US President Donald Trump’s recent decision to double tariffs on Indian exports to 50% is causing significant turmoil among Indian exporters, compelling them to seek alternatives and potentially jeopardizing India’s goal of becoming a manufacturing hub. The tariffs, viewed as detrimental—especially for smaller businesses—could lead to a 1% decrease in India’s GDP, prompting calls for governmental support and strategic shifts in production locations.

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