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US Tariffs Will Have 50% to 63.9% Impact on Many Indian Merchandise Exports
The Business Guardian
|August 14, 2025
The cumulative 50 percent tariffs imposed by US President Donald Trump on Indian goods will come into effect a fortnight from now, unless there is a breakthrough in terms of a trade deal between the two countries.
In addition to a 50 percent flat tariff on Indian goods, additional most-favoured nation (MFN) duties will also apply to some merchandise goods.
For instance, apparel (knitted) will attract a 13.9 percent additional MFN tariff on top of 50 percent tariffs. Apparel (woven) will attract a total 60.3 percent tariffs, including the 10.3 percent MFN tariffs.
The exports of apparel, knitted and woven combined to the US were to the tune of about USD 5.5 billion in 2024-25, according to an analysis by Global Trade Research Initiative (GTRI).
Denne historien er fra August 14, 2025-utgaven av The Business Guardian.
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FLERE HISTORIER FRA The Business Guardian
The Business Guardian
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GST exemption...
GST exemption...
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3 mins
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