In his first 43 days as the 47th President of the United States, Donald Trump has launched a global trade war with his bold reciprocal tariff policy. India, with one of the highest tariff rates on U.S. goods, is now in the spotlight. The stakes couldn’t be higher—India’s exports to the U.S. totalled $73.65 billion in 2024, making up 18% of its total exports and creating a $35 billion trade surplus. But Trump’s new tariffs could wipe out billions. Sectors like chemicals, metals, jewellery, and pharmaceuticals are at significant risk, with potential export losses ranging from $7 billion to $8.9 billion annually. Agriculture and textiles are also vulnerable, while auto parts and IT services face uncertainty. Analysts warn that India’s GDP could take a hit of up to 50 basis points. Can India counter this economic storm? With measures like tariff cuts and new trade deals in the pipeline, the government is racing against time to protect its industries.