U.S. President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

In a joint televised interview with billionaire Elon Musk, US President Donald Trump made it clear that India will not be spared from Washington's reciprocal tariffs.

While US tariffs on Indian goods have remained relatively stable over the years, India's tariff policies have been more dynamic.

The unfolding tariff standoff between the US and India has taken a significant turn as US President Donald Trump, in a move that coincided with Prime Minister Narendra Modi’s visit, declared reciprocal tariffs.

President Donald Trump and Indian Prime Minister Narendra Modi held a joint news conference as the two leaders work toward a trade deal and try to reinforce a relationship. Earlie

President Donald Trump’s shift in policy to reciprocal tariffs is a relief to markets, U.S. consumers and most trading partners.

Here’s what you need to know about reciprocal tariffs and who might be impacted by Trump’s plan. Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign countries have set against American goods.

SBI Research, in a report, estimated the minimal impact of US tariffs on Indian goods and services only if the nation diversifies its export relation structure. India exports over 17% of goods and services out of its total exports to the US,

The Indian four-wheeler automobile sector is unlikely to face significant impact from reciprocal tariffs, due to the high degree of component localisation and the limited export volume to the US market.

An index of Indian pharmaceutical company shares slid 2% to its lowest level in seven months on Wednesday after U.S. President Donald Trump said he intends to impose tariffs of about 25% or higher on pharma imports.