USA is India’s #1 trading partner: $2.5-3 billion Indian exports to benefit from Trump tariff rollbacks

Indian exports are set to benefit to the tune of $2.5-3 billion on United States tariff exemptions, according to Ajay Sahai, Director General of the Federation of Indian Export Organisations (FIEO), Reuters reported.

- BY S VENKAT NARAYAN Our SPECIAL CORRESPONDENT

According to Sahai, Indian agricultural exporters, particularly of high-value products, stand to gain as various food items are lifted from the impacted list.

“This order opens space for premium, specialty and value-added products. Exporters who shift towards higher-value segments will be better protected from price pressures and can tap rising consumer demand,” he felt.

(According to the US Office of the Trade Representative, US goods and services trade with India in 2024 was approximately $212.3 billion. The US is India’s #1 trading partner, while India is among the US’s major trading partners.)

Who wins after Trump tariff rollback?

Among others, Indian agricultural exporters are among those who will make gains after US President Donald Trump exempted more than 200 food items, including beef (of which India is a major exporter), from his reciprocal tariffs on 14 November, as per the report.