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Trump Tariffs to Bring Down Exports to US by 30%: GTRI
Financial Express Pune
|August 05, 2025
India's merchandise exports to the US are projected to contract 30% on-year to $60.6 billion this financial year due to the additional 25% tariffs imposed on India by President Donald Trump, a report said.
India now faces a 25% country-specific tariff and an extra, unspecified penalty on its exports to the United States—one of the highest among Asian exporters, second only to China at 30%.
This puts Indian exports at a clear disadvantage across most sectors, barring a few exemptions," the report by Global Trade Research Initiative said.
Other competitors like Vietnam (20%), Bangladesh (18%), Indonesia, Malaysia, and the Philippines (19%), and Japan and South Korea (15%) enjoy lower rates.
The new US tariff regime excludes pharmaceuticals, energy products, critical minerals, and semiconductors. But outside these, Indian goods are under pressure.
This story is from the August 05, 2025 edition of Financial Express Pune.
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