Asias richest man Mukesh Ambani is facing tough times as growing trade tensions with the United States can be a threat to his business empire. As Donald Trump led U.S. scrutinizing India’s trade policies and threatening retaliatory action concerns are rising in the business world that the fallout could impact broader sectors of the economy including Indian conglomerates like Reliance Industries Ltd claims media reports. Threats For Mukesh Ambani’s Reliance Industries  Ambani’s Reliance Industries with a market value of $200 billion has invested heavily over $50 billion since 2020 into its retail and digital services divisions. These two units which play a pivotal role to the groups future growth may get listed publicly. However ongoing challenges including analyst valuations and a business overhaul pose hurdles for the company. Entry Of Elon Musk In Indian Telecom Sector Adding to the pressure is the potential entry of Elon Musk’s Starlink Inc. into the Indian market. Unlike domestic telecom operators including Reliance Jio Platforms Ltd. Starlink could bypass spectrum auctions which will give SpaceX founder a cost advantage. Jio with nearly 500 million subscribers has seen a 12% increase in average revenue per user over the past year but the $2 plus monthly earnings per user fall short of the need for an IPO. The emergence of new players can undermine their ecosystem. Flipkart’s Competition To Reliance Retail Reliance Retail India’s largest retailer with over 19000 stores and various online platforms like JioMart benefits from local regulations that restrict foreign-owned platforms like Amazon and Walmart’s Flipkart. These regulations designed to protect small retailers prevent foreign firms from maintaining inventory or offering deep discounts. However reports of a meeting between Walmart CEO Doug McMillon and former US President Donald Trump suggest that trade negotiations could lead to regulatory changes which can reduce Reliance Retail’s competitive advantage. Flipkart’s planned IPO next year could further intensify competition. Threat In Oil Chemicals Business Reliance’s oil-to-chemicals segment which is its cash cow is also getting the heat. During the first Trump administration Ambani navigated geopolitical challenges by securing Venezuelan crude despite US sanctions. However the scenario under a potential Trump 2.0 administration could be more challenging. India’s major oil import is currently dependent on Russian crude which is significantly cheaper than US oil. But its under scrutiny and any pressure to purchase more expensive American oil  can impact refining margins for Indian firms like Reliance.