Emerging markets, especially India, are being impacted by global trade wars as they have added to uncertainty. This research explores how the trade war between the US and China, indicated by an increase in tariffs, has affected India's financial markets, sector performance, export capability and foreign investment inflows. Descriptive statistics and regression techniques, using a sample from a survey of 99 respondents, have been used to look at the following four areas: (i) the impact of tariffs on foreign direct investment (FDI) and exports (ii) the impact of GSP benefits being removed due to the US ending these GSP benefits to India (iii) the effect of fluctuations in crude oil prices on various sectors and (iv) the position of India's MFN tariff rate as compared to the rates in other countries. The results of this investigation have produced inconsistent findings. The introduction of reactive tariffs does not appear to significantly change the performance of any industry but the rising price of crude oil is negatively and significantly correlated with performance in sensitive sectors. Descriptive analysis has indicated that the removal of Indian GSP rights and the changes to MFN tariffs have created moderate challenges to India's trade resilience and caused volatility in its merchandise export markets. Through this investigation, we provide an overview of the challenges faced by Indian policymakers and offer suggestions for improving the resilience of India against these challenges and enhancing India's position on the global market.