US Sanctions Threat: Indian Exporters' Shares Plunge Up To 13% Amid Tariff Fears

• US 'Sanctioning of Russia Act 2025', approved by President Trump, targets countries buying cheap Russian oil.
• The proposed bill could impose 500% tariffs on goods from nations maintaining trade relations with Russia.
• Indian textile, garment, and seafood exporters' shares plummeted; Gokaldas Exports fell 13% due to high US market reliance.
• Avanti Feeds, Apex Frozen Foods, Pearl Global Industries, and K.P.R. Mill also saw significant share drops.
• The move strains India-US trade relations, as India has rejected calls to stop purchasing Russian oil.

Why It Matters: US tariff threat over Russian oil purchases causes panic among Indian exporters, leading to sharp share falls.