India's GDP may be impacted by proposed US tariffs raising by an estimated 0.1 to 0.6 percentage points, as per Goldman Sachs analysis. The potential rise in tariffs by 6.5 to 11.5 percentage points on Indian imports may significantly affect India's trade dynamics with the US.

In a recent speech at Washington DC, US President Donald Trump said that he plans to impose reciprocal tariff on India soon. The Republican leader said that US was getting ready to do it earlier, but plans were paused due to the Covid-19 pandemic.

In a move termed as trade tsunami, set to upend international trade dynamics, President Donald Trump has declared an aggressive plan to impose reciprocal tariffs on India and other nations he accuses of exploiting the United States with exorbitant duties.

Hours before his bilateral meeting with PM Modi, Donald Trump had announced that the US would impose reciprocal tariffs on trading partners.

President Donald Trump announced that the US will impose reciprocal tariffs on countries like India and China, ensuring fair trade practices. Trump stressed this point during Prime Minister Narendra Modi's visit and reiterated it at Commerce Secretary Howard Lutnick's swearing-in.