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Tariff hits India’s merchandise exports to US
The Morning Standard
|September 23, 2025
Smartphone exports to US fall 58% in 3 months
INDIA'S merchandise exports to the US, its largest market, have gone down by 22.2% between May and August 2025, dropping from $8.8 billion to $6.9 billion, as the steep escalation of American tariffs weighs on shipments, according to a new report by the Global Trade Research Initiative (GTRI.
This story is from the September 23, 2025 edition of The Morning Standard.
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