Trump wants manufacturing to come to the U.S., and is hoping to incentivize companies into making the move by raising tariffs on some of the country’s largest trading partners. Apple has since moved the building of iPhones that are set to be shipped to the U.S. to India from China in an effort to avoid the most hefty of Trump’s levies.

Donald Trump's proposed 50% tariff on Indian exports casts a shadow over Indian stock markets, impacting sectors like textiles and auto ancillaries. While export-oriented businesses face challenges, analysts suggest focusing on domestic consumption-driven sectors.