US tariffs on India

02 Feb

US, India Reach Trade Deal; Trump Announces Tariff Cut After Call With PM Modi

Rajeev Sharma0 CommentsIndiaDonald Trump, India US relations, India-US trade deal, PM Narendra Modi, US tariffs on India

Washington/New Delhi (Rajeev Sharma): US President Donald Trump on Monday announced that the United States and India have reached an agreement on a trade deal, marking a significant step toward easing recent strains in bilateral economic relations. As part of the agreement, both countries will move to reduce reciprocal tariffs. President Trump said the US would lower tariffs from 25 per cent to 18 per cent, signalling a de-escalation in trade tensions and a push toward strengthening commercial ties with India. Earlier in the day, US Ambassador to India Sergio Gor confirmed that President Trump held a telephonic conversation with…

27 Aug

US Slaps 50% Tariff on Indian Goods, Exporters Warn of Severe Job Losses

Rajeev Sharma0 CommentsBusiness, Indiaapparel exports, gems and jewellery, Indian exports, job losses, shrimp exports, trade war, US tariffs on India

New Delhi — India’s export sector faces a major blow after the United States imposed a steep 50 per cent tariff on Indian goods, a move exporters fear will cripple industries and trigger massive job losses.The penalty effectively doubles the existing 25 per cent duty by adding an additional 25 per cent levy on Indian imports. Shrimp, apparel, leather, and gems and jewellery sectors heavily dependent on the US market are expected to be the worst hit.The US is India’s largest export destination, accounting for nearly 20 per cent of the country’s $437.42 billion in goods exports in 2024–25. Bilateral…