US tariffs to cut India's FY26 container cargo growth by 300 bps: ratings agency

CareEdge Ratings sees container cargo growth at Indian ports slowing 300 bps y/y in FY26, hurt by steep U.S. tariff

Credit rating agency expects 8% growth in India's container volumes in FY26 vs 11% growth in FY25, 10% in FY24

Expects overall cargo growth to taper to 2% in FY26 from 3% in FY25

Says additional 25% U.S. tariffs on Indian goods, which took effect on Wednesday, "adversely impacting" sectors like home textiles, gems, shrimp products, among others

Adds U.S. accounts for 20% of India's exports; sea-borne trade with Washington (ex-electronics) accounts for ~5% of India's total maritime shipments

Adani Ports APSE.NS up 0.5%; set to rebound after four straight sessions of losses

JSW Infrastructure JSWN.NS rises 0.3%; eyes rebound after falling for three consecutive sessions

Analysts say APSE more susceptible to tariff-induced global trade challenges than JSWN due to higher focus on containers