This article explores how Trump’s tariffs impact key Indian industries such as automobiles, pharmaceuticals, textiles, and electronics. By understanding these effects and adapting through innovation and market diversification, businesses can continue to succeed in challenging global trade conditions.
The U.S. has decided to exempt Canada and Mexico from its new tariffs, primarily due to the US-Mexico-Canada Agreement (USMCA). This agreement allows for duty-free trade between these countries, ensuring stability in industries like automotive manufacturing, agriculture, and energy. The decision aims to maintain positive trade relations and avoid disruptions in cross-border supply chains.