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

  • Apr 14 2025
  • Length: 3 mins
  • Podcast

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

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  • 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.

    For more check out https://www.quietperiodplease.com/

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