India Tariff News and Tracker

By: Quiet. Please
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  • Summary

  • This is your India Tariff Tracker podcast.

    India Tariff Tracker is your go-to daily podcast for the latest news and updates on tariffs affecting India, particularly those imposed by the United States. Dive deep into insightful analyses, expert opinions, and comprehensive reports that unravel the complexities of international trade and its impact on India. Stay informed with real-time information and understand how tariff changes shape India's economy and global relations. Perfect for business leaders, policymakers, and anyone keen to understand the dynamic trade landscape, India Tariff Tracker is your essential guide to navigating tariff developments.

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Episodes
  • US Imposes Massive 26 Percent Tariffs on Indian Imports Targeting Trade Imbalance and Nonreciprocal Practices

    US Imposes Massive 26 Percent Tariffs on Indian Imports Targeting Trade Imbalance and Nonreciprocal Practices
    Apr 17 2025
    Welcome listeners to another episode of India Tariff News and Tracker. The spotlight today is on the sweeping tariffs that have shaken US-India trade this April. On April 2nd, President Donald Trump unveiled a new reciprocal tariff plan, branding the date as “Liberation Day” for the United States. The Trump administration’s latest measures impose a 26 percent tariff on imports from India, marking one of the most significant hikes in decades, with the baseline for all countries set at 10 percent. However, India, alongside other targeted countries, faces much higher rates due to its trade surplus with the US and what officials describe as persistent nonreciprocal trade practices. According to the White House Fact Sheet, these tariffs are being implemented in two phases, with the 10 percent baseline effective since April 5th and the individualized, higher reciprocal tariffs coming into force shortly after.

    The US Office of the Trade Representative released its annual National Trade Estimate Report just before these tariffs rolled out, highlighting India’s trade barriers. The report notes that India’s average Most Favored Nation tariff rate in 2023 was 17 percent, the highest among major economies, and particularly high on agricultural goods at 39 percent. Sectors most impacted by the US tariffs include automobiles, electronics, steel, and aluminum, with specific duties of up to 27 percent on many goods and 25 percent on autos, auto parts, and metals. Pharmaceuticals and semiconductors, which are crucial components of India’s US export portfolio, have been exempted from these hikes.

    The implications for Indian exporters are mixed. Trade analysts at ClearTax point out that while sectors like automobiles and electronics will see significant cost increases, these only account for a small fraction of India’s total $437 billion in exports, with US-bound goods making up just 18 percent. Pharmaceuticals, a major Indian export to the US, remain shielded, and there’s speculation that Indian textiles could benefit as US tariffs hit competing countries harder.

    These tariffs are being justified by the Trump administration under the International Emergency Economic Powers Act, citing the need to address the US’s persistent trade deficit and secure critical domestic industries. According to data compiled by the Yale Budget Lab, the new average effective US tariff rate has now reached 22.5 percent, the highest since 1909.

    Finally, global trade is bracing for contraction, as the World Trade Organization forecasts a decline in 2025 stemming from the US tariff war, with ripple effects expected across major economies.

    Thank you for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for the latest updates on US-India trade dynamics. This has been a quiet please production, for more check out quiet please dot ai.

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    3 mins
  • US Imposes Steep 26% Tariffs on Indian Imports, Threatening Bilateral Trade and Potentially Costing Billions in Exports

    US Imposes Steep 26% Tariffs on Indian Imports, Threatening Bilateral Trade and Potentially Costing Billions in Exports
    Apr 14 2025
    Welcome to *India Tariff News and Tracker*. Today's top story focuses on escalating trade tensions between the United States and India, with recent tariff announcements from the Trump administration dominating headlines.

    As of April 9, President Trump has imposed a significant 26% tariff on imports from India, adding to the 10% baseline tariff introduced just days earlier on April 5. The president described these measures as part of a broader strategy to address what he calls "unfair trade imbalances" and ensure "reciprocity" in dealing with key trading partners. India, seen as one of the primary targets of these policies, has the highest average Most Favored Nation (MFN) applied tariff rates among major economies, standing at 17%. President Trump has criticized India's trade policies, particularly its high tariffs on goods such as cars, motorcycles, agricultural products, and technology, as barriers to U.S. exports.

    This tariff escalation could have serious implications for India's trade relationship with the United States. A report by the Global Trade Research Initiative forecasts that India's exports to the U.S. could decline by $5.76 billion in 2025. Key sectors such as gold, seafood, and electronics are expected to be hit particularly hard, with the latter two sectors alone facing potential losses of over $1.78 billion. The new tariffs exclude pharmaceutical products, semiconductors, and some energy items, but the impact on India's overall export economy is expected to be substantial.

    For American consumers, concerns about rising product costs are growing. Wall Street saw significant market volatility last week as various industries braced for increased supply chain expenses due to these tariffs. While Trump has justified the tariffs as essential for protecting U.S. manufacturing and addressing trade deficits, many critics argue that these measures could lead to higher prices for American consumers and dampen global trade.

    India, on the other hand, has yet to announce any reciprocal measures but has expressed concerns about these tariffs undermining bilateral trade relations. Some trade analysts speculate that India may consider reducing certain tariffs or adjusting non-tariff barriers in an effort to mitigate the conflict. However, this remains uncertain as U.S.-India trade tensions continue to escalate.

    Thank you for tuning in to *India Tariff News and Tracker*. Don’t forget to subscribe for more updates on global trade and tariff matters. This has been a Quiet Please production. For more, check out QuietPlease.ai.

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    3 mins
  • US Imposes Steep Tariffs on Indian Exports Trump Administration Announces 26 Percent Increase with 90 Day Suspension

    US Imposes Steep Tariffs on Indian Exports Trump Administration Announces 26 Percent Increase with 90 Day Suspension
    Apr 11 2025
    Listeners, welcome to "India Tariff News and Tracker," your go-to source for the latest updates on tariffs and trade relations affecting India and the United States. Here’s what’s topping the news today.

    Just last week, President Donald Trump’s administration announced sweeping new tariffs targeted at addressing trade imbalances and protecting American industries. Effective April 5, 2025, the United States introduced a baseline 10 percent tariff on all imports, escalating to individualized rates for countries with significant trade imbalances. India, being one of those countries, was hit particularly hard with an additional 26 percent tariff on its exports to the U.S., covering a range of goods from steel to shrimp. However, in a recent move, the White House announced a temporary suspension of these additional tariffs on India for 90 days, pushing their enforcement date to July 9, 2025. This relief aims to provide Indian exporters a brief window to adjust or potentially renegotiate terms.

    The rationale behind these tariffs, according to the Trump administration, focuses on eliminating what the President has labeled "non-reciprocal trade practices." In his address, Trump highlighted the disparity in tariff rates between the two nations, noting that India’s average tariff rate of 17 percent remains one of the highest globally. Key Indian tariffs include 39 percent on agricultural goods, significantly higher than the United States' relatively minimal import tariffs, such as 2.4 percent for motorcycles. These discrepancies, Trump argues, have contributed to a persistent trade deficit and undermined U.S. manufacturing.

    India is not the only country facing these new measures. Its competitors in Asia, including Thailand, Vietnam, and China, have also been slapped with steep tariffs, ranging from 34 to 49 percent. Notably, this move is part of a larger strategy outlined in Trump's "America First Trade Policy," which seeks to leverage tariffs as a tool to realign global trade relationships while addressing domestic economic vulnerabilities.

    For India, the stakes are high. The U.S. remains its largest export market, accounting for about 18 percent of its total goods exports, making these tariffs a critical challenge. Meanwhile, India's government has yet to announce a direct response, though it’s likely to explore bilateral dialogue to ease the strain on its exporters.

    Listeners, these developments will shape the landscape of U.S.-India trade relations in the coming months, with wide-reaching implications for both economies. That’s all for today’s briefing. Thank you for tuning into "India Tariff News and Tracker." Don’t forget to subscribe to stay updated. This has been a Quiet Please production. For more, check out quietplease.ai.

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    3 mins

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