Jai Siya Ram
🇮🇳 India’s Position & Domestic Response
- India’s opposition parties have condemned the tariff move as a diplomatic and economic setback, citing potential GDP slowdown of up to 40 bps and sharp declines in rupee/equity markets. ([turn0news17])
- Commerce Minister Piyush Goyal reaffirmed India’s stance on resilience, rejecting Trump’s labels and emphasizing that India will not yield to trade bullying
🌐 FXLive Strategic Insight
- Exporters should prepare contingency plans for pricing, logistics, and currency hedging.
- Traders might consider short-term volatility setups around USD/INR and export-heavy stock indices.
- Businesses should monitor diplomatic outreach — India can still negotiate exclusions or exemptions before August 7
✅ Summary Takeaway
Trump’s extension buys time, but does not signal easing. India remains under a 25% tariff window, with outcomes dependent on diplomatic moves by early next week.
