‘Air cargo volumes from India to the U.S. of pharma, gems, apparel, auto declined’

Nihar Parida, Director, Strategy & Development at Uniworld Logistics affirmed, “The U.S. tariffs on Indian goods—especially pharma, gems, apparel, and auto components—have led to a measurable decline in air cargo volumes from India to the U.S., as costs rise, and buyers adjust sourcing strategies. This may lead to a long-term restructuring of India’s export logistics, with a greater emphasis on cost-efficiency and diversification of trade partners.  Pharmaceuticals:  Many generics and APIs faced stricter compliance and the loss of GSP benefits earlier but are now under a broader 10–26% tariff range. Gems & Jewelry: Historically duty-free under GSP, now subject to full MFN tariffs plus possible additional duties (up to 26%). Textiles & Apparel: With the GSP revoked and new tariffs added, Indian garments face tariffs of 15–25%. Auto Components: Facing new 25% tariffs under Section 232. Leather Goods & Footwear: Tariffs raised to 20–30%, especially on leather wallets, belts, and shoes. Let’s wait and see how it evolves. India could be a gainer in this as Mobile phone exports will increase due to Vietnam and China having higher taxes. Textile might increase due to Bangladesh Tariffs. But at the same time are we poised for more manufacturing is a question.