Exporters flag severe impact of US tariffs and West Asia crisis
Exporters in India are expressing concerns over the significant impact of US tariffs and the ongoing crisis in West Asia on their industries. They emphasize the need for a bilateral trade agreement with the US to ensure long-term trade predictability. Key sectors such as textiles, engineering goods, and pharmaceuticals are particularly affected by these challenges.
- ▪US tariffs and trade barriers have severely affected key sectors in India.
- ▪The ongoing West Asia crisis has increased freight costs and supply chain delays.
- ▪Industry representatives stress the importance of a bilateral trade agreement with the US for trade predictability.
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Exporters flag severe impact of US tariffs and West Asia crisisIndustry representatives stressed that the proposed bilateral trade agreement between India and the US was crucial for ensuring “long-term trade predictability”Published on: May 23, 2026 3:38 PM ISTBy Saubhadra Chatterji, New DelhiShare viaCopy link Exporters and industry bodies on Friday told a parliamentary committee that US tariffs and trade barriers have severely affected key sectors in India, while the ongoing West Asia crisis has increased freight costs, shipping time and insurance expenses, supply chain delays, and mounting pressure on export margins.Vessels in the Strait of Hormuz.
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