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India Tariff News and Tracker

India Tariff News and Tracker

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 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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Episodios
  • US Imposes New Tariffs on India Amid Trade Tensions Targeting Key Sectors with 26 Percent Import Duty Increase

    US Imposes New Tariffs on India Amid Trade Tensions Targeting Key Sectors with 26 Percent Import Duty Increase
    Jun 19 2025
    Welcome back, listeners, to "India Tariff News and Tracker." Today is June 19, 2025, and the trade news between the United States and India remains front and center as tariff policies from the Trump administration continue to shape bilateral economic dynamics.

    On April 2, the Trump administration announced sweeping new tariffs on imports from nearly all U.S. trading partners, with India facing a headline 26 percent tariff on its exports to the United States. However, a pause for 90 days followed, meaning that as of now, a 10 percent blanket tariff is being applied to imports from India and most other countries. There are also ongoing 25 percent tariffs specifically targeting steel, aluminum, and automobile imports from India. These measures are a major component of former President Trump’s revived policy of reciprocal tariffs which, according to an official White House fact sheet, aims to address long-standing concerns about “unfair trade practices” and large trade deficits.

    The Office of the U.S. Trade Representative has pointed out that India’s average Most Favored Nation tariff rate remains the highest among major economies at 17 percent in 2023, with significant barriers still in place for agricultural and certain manufactured goods. In the lead-up to the April 2 tariff announcement, India sought to ease tensions by reducing some duties on U.S. products, including Harley-Davidson motorcycles and bourbon whiskey, and offered further concessions that could benefit over half its American imports, which reached a record $129 billion in bilateral trade last year.

    Key sectors in India under pressure from the new tariffs include gems and jewellery, marine products, electronics, and auto parts. Meanwhile, the textile and apparel sector might gain a competitive edge since China, a major competitor, faces an even higher 30 percent tariff under the revised U.S. rules, down from the previous 145 percent after a temporary agreement.

    For those tracking sectoral impacts, according to ClearTax, U.S. tariffs of 27 percent now affect most Indian goods, with automobiles, auto parts, steel, and aluminum singled out for 25 percent duties. Pharmaceuticals and semiconductors remain exempt. Despite these figures, the direct hit to India’s overall export revenue is expected to be limited—exports to the U.S. account for about 18 percent of India’s global total, and the most affected segments represent a small fraction of that.

    India has responded with caution and measured concessions, seeking to maintain favorable ties with Washington while protecting domestic producers. Observers note that New Delhi is wary of escalating tensions and has balanced its strategy to defend economic growth while keeping trade channels open.

    Listeners, that wraps up this week’s update on U.S.-India tariffs and trade headlines. Thanks for tuning in, and don’t forget to subscribe for the latest updates on "India Tariff News and Tracker."

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  • US Imposes 26 Percent Tariffs on Indian Exports Trump Administration Targets Trade Barriers in Reciprocal Economic Move

    US Imposes 26 Percent Tariffs on Indian Exports Trump Administration Targets Trade Barriers in Reciprocal Economic Move
    Jun 1 2025
    Listeners, welcome to this episode of India Tariff News and Tracker, bringing you the latest updates on US-India tariff developments as of June 1, 2025.

    Big news continues to dominate the headlines: the United States under President Donald Trump has issued sweeping new tariffs, including a significant 26 percent ad valorem duty on a wide array of Indian exports. This move, announced on April 2, 2025, forms part of Trump’s renewed push for so-called “reciprocal tariffs.” The administration claims these measures are a response to what it characterizes as unfair trade practices and high barriers to US goods entering foreign markets, with India singled out for having the highest average tariff rates among major economies.

    According to official White House fact sheets and legal documentation, the new regime imposes a baseline 10 percent tariff on all countries, but India faces a much steeper country-specific rate. The 26 percent tariff on most Indian goods, implemented from April 9, 2025, sharply raises costs for Indian exporters targeting the US market. There are some exemptions—including for pharmaceuticals, semiconductors, energy, and copper products—but for sectors like textiles, agricultural goods, and consumer products, the tariff bite is substantial. Goods containing at least 20 percent US-origin content are only taxed on the non-US portion, giving limited relief to certain Indian supply chain operators.

    For context, the US Trade Representative’s National Trade Estimate Report for 2025 highlighted that India’s average most favored nation applied tariff stood at 17 percent in 2023, with agricultural tariffs soaring to an average of 39 percent. President Trump has repeatedly criticized India as the world’s “tariff king,” and these new US tariffs appear aimed at pressuring India to lower trade barriers and open its market more widely to American goods.

    US officials cite legal backing under the Trade Act of 1974 to defend these reciprocal tariffs, though many analysts predict legal challenges ahead at the World Trade Organization. While the political rhetoric has heated up, Indian businesses are grappling with immediate uncertainty, supply chain disruptions, and rising costs for goods bound for the US. Meanwhile, economic strategists suggest this escalation could be an opportunity for India to rethink its own protectionist policies and position itself as a more reliable global trading partner.

    Listeners, that wraps up the latest on the US-India tariff front. These shifting policies will have profound implications for global trade and India’s export landscape. Thank you for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for more timely updates. This has been a quiet please production, for more check out quiet please dot ai.

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  • Trump Imposes 26% Tariffs on Indian Imports Amid Trade Tensions Escalating Economic Uncertainty Between US and India

    Trump Imposes 26% Tariffs on Indian Imports Amid Trade Tensions Escalating Economic Uncertainty Between US and India
    May 29 2025
    Welcome to India Tariff News and Tracker. In today's update, we're covering the latest developments in US-India trade relations under the Trump administration.

    On April 2, 2025, President Donald Trump imposed a sweeping 26% tariff on Indian imports to the United States as part of his "Reciprocal Tariffs" executive order. This move came after the US Trade Representative's annual report highlighted India's 17% average tariff rate as being among the highest of major economies, compared to the US average of just 3.3%.

    The tariffs, which took effect on April 9, 2025, apply to most Indian exports to the US, though certain exemptions exist for pharmaceuticals, semiconductors, energy products, and goods with at least 20% US origin content.

    In a significant development, on May 12, 2025, Trump secured what the White House called "a historic trade win" with China, agreeing to suspend the 34% reciprocal tariff imposed on Chinese goods for 90 days while maintaining a 10% baseline tariff. This raises questions about whether similar negotiations might be possible with India.

    As of today, May 29, 2025, the 26% tariff on Indian goods remains in effect, creating significant challenges for Indian exporters. The tariffs have triggered ripples across global supply chains and intensified economic uncertainty worldwide.

    Some analysts suggest this situation presents an opportunity. As Foreign Policy noted in an article published today, India could potentially position itself as "a more reliable trading partner to the world than either China or the United States" amid ongoing US-China trade tensions and the global "China+1" supply chain diversification strategy.

    However, achieving this would require India to address its own protectionist trade policies. Trump has repeatedly labeled India the world's "tariff king," pointing to India's high duties on various US exports, including agricultural products where tariffs reach 39%.

    The coming weeks may prove critical for US-India trade relations as both countries navigate these tensions while seeking a path forward that protects their respective economic interests.

    Thank you for tuning in to India Tariff News and Tracker. Remember to subscribe for more updates on this evolving situation. This has been a quiet please production, for more check out quiet please dot ai.

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