U.S. President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

While US tariffs on Indian goods have remained relatively stable over the years, India's tariff policies have been more dynamic.

The unfolding tariff standoff between the US and India has taken a significant turn as US President Donald Trump, in a move that coincided with Prime Minister Narendra Modi’s visit, declared reciprocal tariffs.