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70% of exports to US hit by tariff
The Business Guardian
|August 17, 2025
Around 70 per cent of India's goods exports to the US, equivalent to USD 60.85 billion, are now exposed to the 50 per cent tariff imposed by the US administration, according to an analysis by ICRIER.
This represents just 1.56 per cent of GDP and 7.38 per cent of total exports, far from a catastrophe for a USD 3.9 trillion economy. A report by the Indian Council for Research on International Economic Relations, titled 'Navigating Trump's Tariff Blow' authored by Ashok Gulati, Sulakshana Rao, and Tanay Suntwal, argued that the impact is heavily concentrated in labour-intensive and high-value sectors such as textiles and apparel, gems and jewellery, auto parts and agricultural products, notably shrimp.
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