Try GOLD - Free
India's exports to US may fall 30% to USD 60.6 billion this fiscal
The Daily Guardian
|August 05, 2025
The new US tariff regime excludes pharmaceuticals, energy products, critical minerals, and semiconductors.
The additional 25 per cent import duty announced by US President Donald Trump on Indian goods could lead to a 30 per cent decline at USD 60.6 billion in India's exports to America this fiscal, think tank GTRI said on Monday.
To help exports, it suggested the government to revive the interest equalisation scheme, create a helpdesk, use trade agreements strategically, and onboard new exporters.
India now faces a 25 per cent 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 per cent.
In contrast, competitors such as Vietnam (20 per cent), Bangladesh (18 per cent), Indonesia, Malaysia, and the Philippines (19 per cent), and Japan and South Korea (15 per cent) enjoy lower rates.
This puts Indian exports at a clear disadvantage across most sectors, barring a few exemptions, the Global Trade Research Initiative (GTRI) said.
This story is from the August 05, 2025 edition of The Daily Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Daily Guardian
The Daily Guardian
"Terror must stop, but sports cannot': Ganguly
Former Indian captain Sourav Ganguly on Monday spoke on whether Sunday's IndiaPakistan clash in the Asia Cup could have been avoided, saying that while \"terror must stop, sports cannot stop\"
1 min
September 16, 2025
The Daily Guardian
Will stay with NDA: Nitish vows again in PM presence
Bihar Chief Minister Nitish Kumar on Monday assured Prime Minister Narendra Modi that he will remain in the NDA, while regretting short-lived alliances with the RJD-Congress combine, which “always indulged in mischief when we shared power”.
1 min
September 16, 2025
The Daily Guardian
'Vote theft panIndia issue, not limited to Bihar, Odisha'
Calling 'vote theft' a pan-India issue, Congress MLA Sofia Firdous said citizens across the country are worried about ongoing electoral malpractices. Firdous said, \"Vote chori is not just Odisha or Bihar's issue. It is a matter of concern for the entire India. Every citizen everywhere thinks some malpractice is taking place.
1 min
September 16, 2025
The Daily Guardian
Papua New Guinea secures final spot in ICC Women's T20 World Cup
The teams that will compete at next year's ICC Women's T20 World Cup Global Qualifier are now confirmed as Papua New Guinea claimed the final spot by winning the East Asia Pacific Qualifier on Monday, as per the ICC website.
1 min
September 16, 2025
The Daily Guardian
KARNATAKA HC DECLINES PLEAS AGAINST GOVT INVITE TO WRITER BANU MUSHTAQ TO INAUGURATE MYSURU DASARA
The Karnataka High Court on Monday dismissed petitions challenging the state government's decision to invite International Booker Prize-winning author Banu Mushtaq to inaugurate this year's Mysuru Dasara celebrations.
1 mins
September 16, 2025
The Daily Guardian
World C'ships: Long jumper Sreeshankar, steeplechaser Parul fail to qualify for finals
TOKYO Star Indian long jumper Murali Sreeshankar failed to qualify for the finals in the World Championships with a 14th place finish in his qualification group as the country's athletes continued their disappointing performance here on Monday.
1 mins
September 16, 2025
The Daily Guardian
Mann seeks reopening of Kartarpur Sahib corridor, flays Centre for ‘bias' against Punjab
If you can allow a cricket match between India and Pakistan during the Asia Cup, why should Punjabis' devotion towards their shrines in Pakistan be ignored? Either you allow all kinds of alliances with Pakistan or you do not allow anything.
1 mins
September 16, 2025
The Daily Guardian
Before it's too late: Why prenatal diagnostics matter
I still remember the moment the ultrasound screen lit up at 31 weeks. The fetus had a permanently open mouth and a tongue that visibly protruded.
2 mins
September 16, 2025
The Daily Guardian
THE TICKING TIME BOMB: SILENT ORGAN BURNOUT IN INDIA'S YOUNG ADULTS
We're seeing such a worrying trend that is in our clinics because of a silent epidemic with multiorgan dysfunction impacting impressive Indians during their late 20s and 30s. It's not a sudden collapse, rather a gradual insidious process I've come to call \"Silent Organ Burnout.\"
2 mins
September 16, 2025
The Daily Guardian
Muslim bodies welcome stay on key provisions of amended Waqf Act
Prominent Muslim bodies on Monday welcomed the Supreme Court judgement putting on hold several key provisions of the Waqf (Amendment] Act, 2025, saying they are hopeful of getting \"complete justice\" in the matter, which sparked nationwide protests and debates earlier this year, once the final judgement is out.
1 min
September 16, 2025
Listen
Translate
Change font size