How India’s small firms, young workers will bear brunt of tariff pain

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The sudden escalation of US tariffs on Indian exports in August, first to 25 per cent and then doubled to 50 per cent, shook India’s export economy and sent shock waves through sectors dominated by micro, small and medium enterprises (MSMEs).While diplomatic postures have softened and negotiation appears to be under way, the event shed light on something deeper: the MSME workforce, particularly the young, remains vulnerable to such global trade unrest. The turbulence caused by the tariff might...