Tariff-proofing India’s exports

The tariff turmoil from the United States (US) is emerging as the biggest ‘known unknown’ for the global economy in 2025. While the protectionist measures of the Trump administration have most starkly brought to the fore its fragility, the global trade system has been severely tested in recent years by factors like the pandemic, geopolitics, and restive politics. The current international trade environment appears more challenging than ever. And it brings some critical policy lessons for India.