India-US tariff tussle: CTI suggests exploring alternative markets; ‘traders are in a dilemma’

The Chamber of Trade and Industry (CTI) has expressed strong concerns over the US’s decision to impose a 25% additional tariff on Indian goods, escalating the total duty to 50%. CTI warns of significant repercussions for India’s export-oriented businesses, particularly in sectors like engineering, gems, textiles, and pharmaceuticals.