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.

India’s top officials said they will continue to cut import taxes as the government looks to work around US President Donald Trump’s plan to impose reciprocal tariffs on trading partners.

United States President Donald Trump has threatened to impose reciprocal tariffs from April and this is making India's export sector anxious and Citi Research analysts are estimating potential losses worth $7 billion per year.

India's tariffs on US exports rose from 11.59% in 2018 to a peak of 15.30% in 2022. A potential 15% US retaliatory tariff could decrease Indian exports by 3%, according to SBI Research, which highlights the evolving trade dynamics between the two nations.