On August 27, the U.S. implemented a punitive 25% tariff, adding to an existing 25% duty on imports from India—pushing total tariffs up to 50% on key products including clothing, gemstones, footwear, furniture, and chemicals. The Federation of Indian Export Organisations (FIEO) is warning of steep cost burdens affecting around 55% of Indian exports worth $47–48 billion, advising the government to urgently support exporters.This move complicates trade dynamics, drawing interest from markets across South Asia, such as Bangladesh, Nepal, and Sri Lanka, as exporters reconsider supply chain strategies and tariff impacts.
