HT analyses the impact of the sweeping tariffs announced by President Trump on Wednesday on the economy and various sectors.

According to a factsheet published by the Trump administration, pharmaceuticals are exempted from the tariffs – for now.

First, imposing a 26% tariff on medical devices imported from India will be a sharp escalation from previous tariffs.

The Trump-led US administration announced new tariffs on April 2, 2025, imposing a 26 percent tariff on India, impacting its ...

Despite the 26% tariff imposed by the US, India showed resilience with only a 0.40% decline in markets, while regional peers ...

Of the $91 billion worth of India’s exports to the US, nearly $20 billion are expected to come under some form of exemption ...