The current situation is that, other than steel and aluminum exports, all the other major sectors in which India exports and which were under tariffs will face 10% tariffs. For example, textiles and apparel, leather and footwear, marine products, chemicals, and machinery and engineering goods will face 10% tariffs. Pharmaceuticals, electronics, loose natural diamonds, aircraft parts etc,. are under near-zero tariffs under the interim trade deal.
Indian exporters to the US will continue to face uncertainty on the tariffs and will have to navigate the continuously changing situation. Likely, the interim and final trade deal between India and the US will also have changes. Further, the US might use other laws to impose tariffs or create non-tariff barriers to bolster its negotiating power in the India-US trade deal.