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"The US President Donald Trump's move to impose sweeping new tariffs targeting multiple nations has rattled the global markets. However, with key details yet to be disclosed, the full impact remains uncertain, requiring a wait-and-watch approach. Notably, critical sectors like power equipment, energy, and pharmaceuticals, which are vital to India’s economic growth, have been exempted. Most economists believe that the impact of US tariff reciprocity on Indian exports would be relatively limited, with an estimated decline of around 3 to 3.5%, and India’s strategic focus on export diversification, value addition, and tapping into alternative markets—along with the development of new trade corridors from Europe to the US via the Middle East—will help mitigate some effects of these new tariffs."