India estimates that approximately 55% of its goods exported to the United States will be subject to new tariffs imposed by the Trump administration. These tariffs, which can reach up to 50%, are linked to the US response to India's continued imports of Russian oil. The tariffs threaten about $86.5 billion in Indian exports and pose risks to the country's current account deficit, foreign direct investment inflows, and the stability of the Indian rupee amid global trade volatility. Key sectors affected include agriculture and dairy, which have been contentious in bilateral trade discussions. India's Finance and Trade Ministries are actively consulting with exporters to assess the impact and formulate relief measures. Additionally, the Chief Economic Adviser has emphasized the need to boost domestic oil production to reduce vulnerability to such external shocks, given that India relies on imports for 90% of its oil needs.