The steep hikes by Mexico have devastated several Indian industries already reeling under crushing US tariffs.
![Import tariffs weigh on businesses across India as trade deals with EU, US loom [File: Amit Dave/Reuters]](/wp-content/uploads/2026/02/2026-02-03T100240Z_1864287471_RC29EJACCUGC_RTRMADP_3_APSEZ-RESULTS-1770315150.jpg?resize=270%2C180&quality=80)
Latest Posts
Content Feed
Fox nuts remain unaffected by US tariffs due to strong domestic demand, coupled with emerging new markets.
India has not opened its market to GM soya or corn, one of the sticking points in US trade talks.
US tariffs have dealt a deadly blow to the Indian shrimp industry that relies predominantly on exports.
Bangladesh’s political turmoil has been mixed bag for the Indian sari industry, hurting some traders and helping others.
Markets are empty and people are spending less. Along the open India-Nepal border, that’s devastating for traders.
US tariffs have rocked India’s carpet industry as orders have nearly stalled.
China introduced restrictions on its rare earth exports in April, two days after Trump announced retaliatory tariffs.
Two million Indian workers supply 14 out of 15 cut diamonds globally. Trump’s 50 percent tariffs could disrupt that.
![A diamond cutting and polishing unit in Gujarat, India [Photo courtesy Ramesh Zilriya, president of the state's Diamond Workers Association]](/wp-content/uploads/2025/08/IMG-20250805-WA0036-1755048233.jpg?resize=270%2C180&quality=80)
The small ancillary units that depend on steel and aluminium exporters for their income are especially hard hit.
