Stock Market News

Trump’s Tariff Move Puts Agra and UP Exporters on Edge

In a significant policy reversal, US President Donald Trump has reimposed a 25% tariff on several Indian goods, sparking deep concern among exporters in Uttar Pradesh, especially in Agra, which is a major hub for footwear, leather, and handicrafts.

Uttar Pradesh is one of India’s top exporting states, with key sectors including leather, garments, brassware, carpets, and marble handicrafts—a large share of which is shipped to the United States.

Agra’s Footwear and Handicraft Exporters Face Setback

Agra, globally known for its leather footwear and artistic handicrafts, has taken a direct hit from the decision.

  • According to industry estimates, Agra exports over ₹1,200 crore worth of handicrafts annually, including marble inlay work, brassware, and carved stone products.
  • A large chunk of these goods are destined for US markets, making them vulnerable to the newly reinstated tariffs.

“This sudden increase in import duties will make our products less competitive in the US,” said a local exporter, expressing concern over order cancellations and shrinking profit margins.

The footwear sector, which employs thousands across Agra, is equally alarmed. India’s leather and footwear exports to the US form a critical segment of trade, and any disruption could impact both revenue and employment in the region.

Also Read: Jane Street Not Cooperating with I-T Investigation; Key Data Held Overseas, Say Sources

Uttar Pradesh’s Export Ecosystem at Risk

Beyond Agra, cities like Moradabad (brassware), Bhadohi (carpets), and Lucknow (garments) are also expected to face pressure.
The tariff increase may lead to reduced demand from American buyers, affecting production, supply chains, and job creation in these export-reliant regions.

Quick Neutral Analysis

The 25% tariff reinstatement by the US is a major concern for India’s export-driven states, particularly Uttar Pradesh, where sectors such as handicrafts, leather, and apparel heavily rely on access to the American market.

  • Exporters are now grappling with rising costs, uncertain demand, and disrupted trade flows.
  • The move may affect India-US trade dynamics, with Agra’s export-heavy economy among the most exposed.

While the full impact will unfold in the coming months, Uttar Pradesh’s exporters are bracing for short-term challenges as they reassess pricing, logistics, and alternative markets.

Click here to explore: NSE Stock Price Today

Jitesh Kanwariya

I am Jitesh Kanwariya is a professional stock market analyst and F&O trader with expertise in derivatives and market research. A Python developer by profession, he leverages data-driven insights to analyse market trends and simplify trading for investors.

Published by
Jitesh Kanwariya

Recent Posts

Wakefit Raises Rs.580 Crore From Anchor Investors as Its Rs.1,289-Crore IPO Opens on Dec 8

Wakefit Innovations Strengthens IPO Momentum as It Mobilises ₹580 Crore Through Anchor Book Bengaluru-based home…

58 minutes ago

Netflix’s $5.8 Billion Payout to Exit Warner Agreement Is Among the Biggest on Record

Netflix’s $5.8 Billion Breakup Fee Signals Rare Confidence in Warner Bros Acquisition In one of…

1 hour ago

SpaceX Could Go Public in 2026 as Company Discusses Billion-Dollar Valuation Surge

SpaceX Moves Toward a Historic IPO as Valuation Talks Reach an Unprecedented $800 Billion Elon…

2 hours ago

Flight Cancellations May Hurt, But IndiGo’s Size Helps Limit the Margin Damage

IndiGo Flight Cancellations Continue, but Analysts Expect the Airline’s Scale to Cushion Margin Impact India’s…

2 hours ago

Zepto Prepares for a 2026 Market Debut by Transitioning Into a Public Company

Zepto Converts to Public Limited Company as It Steps Closer to a 2026 IPO Debut…

3 hours ago

Aviation Minister Halts FDTL Orders, Says IndiGo Flight Schedules Will Stabilise by Tomorrow

IndiGo Crisis Intensifies as Govt Steps In; DGCA Suspends FDTL Rules, Full Restoration Expected in…

22 hours ago

This website uses cookies.