India Inc is 'prepared for any scenario' on US tariffs, but they can't be permanent: CII chief Mukundan
The move could add another layer of uncertainty to India’s trade with its largest export market, which bought $103.8 billion of Indian goods in 2025.
US tariffs on India may not be a permanent fixture in trade relations with its biggest export partner, according to Ramakrishnan Mukundan, president of the Confederation of Indian Industry (CII). Mukundan advocated for ongoing dialogue between the two nations' governments to restore stability to their trade relationship. The context for Mukundan's comments is the ongoing US attempt to pass legislation permitting President Donald Trump to impose secondary tariffs of up to 100% on nations purchasing oil from Russia.
This legislation, primarily targeting India and China, is likely to influence India's top conglomerates.
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