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Tariff hits India's merchandise exports to US
The New Indian Express Chennai
|September 23, 2025
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 (GTRD.
September will be the first full month with the higher levy, which could deepen the slide in labour-intensive sectors such as textiles, gems and jewellery, shrimp, chemicals, and solar panels, cautioned GTRI. “Tariff-exempt exports collapse is a puzzle. It is alarming and counterintuitive — these products face zero US tariffs, yet they have seen the steepest decline. This demands urgent investigation to uncover the real reasons that are driving the fall,” stated the report.
Denne historien er fra September 23, 2025-utgaven av The New Indian Express Chennai.
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FLERE HISTORIER FRA The New Indian Express Chennai
The New Indian Express
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