Indian footwear and consumer-goods exporters flag US tariff risk
Exporters including leather-footwear supplier Farida Group warn that a new US law enabling tariffs of up to 100% on major Russian-energy buyers could disrupt shipments. Farida sends 65% of its exports to the US; exposure for apparel, jewellery and auto components depends on product coverage and tariff schedules.
What happened
Indian exporters, including leather-footwear supplier Farida Group, warn a new US law allowing tariffs up to 100% on major Russian-energy buyers could disrupt
Key facts
- Up to 100% US tariffs on goods from top Russian oil and gas buyers
- Law takes effect within 30 days of September 18 signing
- 65% of Farida Group's exports go to the US
- India's April-August 2026-27 merchandise exports to the US: $42.8 billion, up 6.17%
- India's April-August 2026-27 imports from the US: $28 billion, up 29.6%
- 2025-26 India-US bilateral trade: $140.76 billion
- India's 2025-26 exports to the US: $87.3 billion
- India's FY26 software-services exports to the US: about $120 billion
- India-US bilateral trade target by 2030: $500 billion
Why this matters
The tariff threat could create opportunities for US-market manufacturing partnerships, alternate-country sourcing and acquisitions that reduce dependence on India-based production for exposed footwear, apparel, jewellery and auto-component categories.