The record
Written from the 1 report below. Nothing here is unsourced.
- CII president Ramakrishnan Mukundan said US tariffs on Indian exports cannot be a permanent feature of trade between the two countries.
- The US is considering legislation that would allow tariffs of up to 100% on countries buying Russian oil, a measure aimed mainly at India and China.
- US tariffs on Indian goods have swung sharply, rising to 50% in August 2025 before falling to 18% in February 2026, on trade that was worth $103.8 billion in 2025.
- Indian exporters of gems and jewellery, apparel and footwear were among the worst hit during the high-tariff period, and some shifted to alternative or domestic markets.
- Mukundan said India must build long-term resilience by diversifying supply chains and export markets, and praised the government's trade agreements for cushioning global shocks.
What to watch next
- Whether the US passes the secondary-tariff legislation targeting buyers of Russian oil, and whether India is affected.
- Progress of India-US government engagement aimed at restoring tariff stability.
- Steps by Indian industry to diversify export markets and reduce reliance on China for critical technology.
Who said what2
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Ramakrishnan Mukundan
2 quotes · 1 outlet
“We will always be prepared for any scenario”
In the article
…goods in 2025. Tariffs on Indian exports to the US have fluctuated sharply since Trump’s “Liberation Day” announcement in April 2025, rising to as high as 50% in August 2025 before being cut to 18% in February 2026. “ We will always be prepared for any scenario ,” Mukundan said. “But that cannot be permanent. We have to address these issues in the longer run, and this is part of the ongoing engagement, in which industry is involved, but also I think at a larger level the…
“But that cannot be permanent.”
In the article
…sharply since Trump’s “Liberation Day” announcement in April 2025, rising to as high as 50% in August 2025 before being cut to 18% in February 2026. “We will always be prepared for any scenario,” Mukundan said. “ But that cannot be permanent. We have to address these issues in the longer run, and this is part of the ongoing engagement, in which industry is involved, but also I think at a larger level the governments are involved.” When tariffs rose as high…
Coverage1
All filed from India
Named India · United States · China · Russia · Tata Chemicals · Confederation of Indian Industry · Donald Trump · Ramakrishnan Mukundan
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.