Trump's reciprocal tariff are coming: Check which stocks could crash and who might gain
Indian markets, especially after their strong recovery in March. While experts suggest the impact may be transient, here’s a look at the sectors and stocks most at risk. Additionally, we will explore whether any stocks are immune to this shock.
Here are the sectors that are staring at most risk from Trump's tariffs
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-119786641»> Chemicals and Pharma
India is a leading exporter of generic drugs to the US, accounting for around $18 billion in exports. The current US tariff on these imports is 1%, while India imposes a 9.7% tariff on similar imports from the US. An increase in US tariffs could make Indian products less competitive, potentially pressuring stock prices of major pharmaceutical companies like Sun Pharma, Dr. Reddy’s, and Cipla, which have significant exposure to the US market.
Electrical, telecom and electronics
These industries represent the second-largest segment of Indian exports to the US, amounting to $14.4 billion. The current US tariff on these products is just 0.4%, whereas India imposes a 7.6% tariff on similar imports. Any increase in US tariffs could impact Indian exporters in this sector.
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Textiles and gems and jewellery
India is also the leading exporter of garments and textiles amounting to $10.8 billion. However current tariffs by either country are similar at 9–10%. This is a labor-intensive sector already facing margin pressures. Tariffs could mean further pain.
«Apparel and gems/jewellery are the most exposed, with the US forming 30% of their export markets and tariff
