Blow for exporters! How will Donald Trump’s tariffs hit India Inc? Check sector & company-wise list

The steep hike in US tariffs on several key Indian exports in FY 2024–25 has dealt a major blow to India’s trade prospects. Core sectors including garments, rice, shrimp, home textiles, jewellery, and others now face crippling duties that threaten competitiveness, disrupt supply chains, and endanger millions of jobs across major production hubs. Below is a sector-wise breakdown of how 13 Indian industries are being impacted by Trump’s tariffs:

The tariff has risen from to 61% expected to affect exporters such as Daawat Foods, LT Foods, and Nature Bio-Foods, primarily from Punjab and Haryana.

The change is expected to help Pakistan in basmati exports, while US producers regain ground in non-basmati rice. The outlook is negative. In FY 2024–25, India exported $0.4 billion worth of rice. (Phot credit: AI image/Denny)

The tariff has increased sharply from 12% to 62%, expected to severely impact exporters such as Shahi Exports, Richa Global Exports, and Eastman Exports Global Clothing. Production is concentrated in Delhi NCR, Tiruppur, Bengaluru, and Ludhiana. With Indian garments effectively priced out of the US market, sourcing is expected to shift to Bangladesh, Vietnam, and China, making the outlook for this sector negative. In FY 2024–25, India exported garments worth $3.4 billion. (Photo credit: AI image)

The tariff has increased from 0% to 60%, expected to hitting exporters such as Devi Fisheries, Devi Sea Foods, and Kader Exports, concentrated in Andhra Pradesh. At this level, exports to the US become unviable, and countries like Ecuador, Vietnam, and Indonesia are expected to dominate the market. The outlook is negative. In FY 2024–25, exports of vannamei shrimp stood at $2.0 billion. ( Image credit: Denny)

The tariff has risen from 9% to 59%,expected to affect exporters such as Indo Count Industries, Welspun Global Brands, and TCT Linens from Maharashtra and Panipat.

Buyers are expected to shift to Bangladesh and Vietnam for basic products, while China will continue supplying formal textiles. The outlook is negative. In FY 2024–25, India exported $3.0 billion worth of home textiles. (Photo credit: Chatgpt)

The tariff has increased from 5.8% to 55.8%, expected to affect exporters such as KBS Creations, Gold Star Jewellery, and Titan Company, with hubs in Jaipur and Mumbai. The higher duties put SEEPZ Mumbai and Jaipur SEZs at risk of shutdowns and job losses. The outlook is negative. In FY 2024–25, jewellery exports were valued at $3.6 billion.

The tariff has increased from 2.9% to 52.9%, expected to impact exporters such as Devgiri Exports and Parvez Carpets, primarily from Bhadohi-Mirzapur and J&K. India’s 58.6% share of the US carpet market is at risk, with Turkey and Vietnam likely to benefit. The outlook is negative. In FY 2024–25, carpet exports stood at $1.2 billion. (Photo credit: AI)

The tariff has increased from 1.3% to 51.3%, expected to affect exporters such as Interglobe Aviation, Bharat Forge, and ZF Wind Power Coimbatore, with hubs in Punjab, Delhi NCR, and Pune. The high tariff threatens India’s stronghold in Ludhiana, Jalandhar, and NCR, opening opportunities for China and Mexico. The outlook is negative. In FY 2024–25, India exported $6.7 billion worth of machinery and parts. (Image credit: Denny)

The tariff has increased from 1% to 26–51%, expected to impact exporters such as Danblock Brakes India, Dana Anand India, and Super Auto Forge, based in Delhi NCR, Pune, Bengaluru, and Tamil Nadu. About $3.4 billion worth of exports now face a 25% tariff, while the rest face 50%, reducing competitiveness. The outlook is moderately negative. In FY 2024–25, auto parts exports were valued at $6.4 billion. (Photo credit: AI)

The tariff has increased from 0% to 50%, expected to affect exporters such as Shree Ramkrishna Exports, Gia India Laboratory, and Kiran Gems, mainly from Surat and Mumbai. The higher tariffs put pressure on Surat’s 1.2 million-strong workforce, with risks of order cancellations and margin losses. The outlook is negative. In FY 2024–25, diamond exports totaled $4.9 billion.

The tariff has increased from 0% to 50%, expected to affect exporters such as Mundra Solar PV, FS India Solar Ventures, and Waaree Energies. Since Indian solar exports depend heavily on inputs from China and Vietnam, the US may choose to import directly from those countries. The outlook is negative. In FY 2024–25, India exported $1.1 billion worth of solar panels. (Photo credit: AI)

The tariff remains unchanged at 6.9%, with major exporters including Reliance Industries, Nayara Energy, and IndianOil, centered in Jamnagar, Gujarat. While tariffs are steady, linkages with Russian crude create risks of US rejection. The outlook is moderately negative. In FY 2024–25, petrochemical exports stood at $4.1 billion. (Image credit: AI)

The tariff remains at 0% expected to leave exporters such as Foxconn Hon Hai Technology, Pegatron Technology India, and Tata Electronics Systems Solutions, based in Tamil Nadu and Karnataka, unaffected. US demand remains stable. The outlook is neutral. In FY 2024–25, India exported $10.6 billion worth of smartphones. (Image credit: AI)

The tariff remains at 0%, benefiting exporters such as Zydus Life Sciences, Aurobindo Pharma, and Dr Reddy’s Lab, with hubs in Gujarat and Maharashtra. With no tariff change, growth prospects remain steady. The outlook is neutral. (Image credit: AI)