Reported about 7 hours ago
Facing a 50% tariff on exports to the U.S., thousands of Indian small businesses are searching for alternative markets in Europe, Africa, and Asia. In response to the increased tariffs, many have expedited shipments and are re-evaluating trade relationships, with approximately 57% of surveyed exporters exploring new markets to mitigate the impact. The Indian government has not yet provided financial support for affected businesses, prompting companies to pivot their strategies to maintain export levels.
Source: YAHOO