President Donald Trump has officially announced reciprocal tariffs on the world, sending global markets into turmoil and shaking up international trade. The move is being called an unmitigated disaster with little thought given to the calculation of tariffs or what went behind levying them. 

Investors are facing heavy losses as volatility and caution take over market sentiment. With India among the affected countries, sectors like auto exports, gems and jewellery, textiles and electronics will be hit the hardest. 

How will these tariffs reshape India’s trade landscape? How does the tariff salvo sit with the bilateral trade agreement that India is finalising with the US right now?

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