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US Tariffs to Impact $8.1 Billion of Indian Exports: PHDCCI
The Business Guardian
|August 07, 2025
Trump's announcement, made on his social media platform Truth Social, came days after he announced a 25 percent reciprocal tariff on India and an unspecified penalty for importing oil from Russia.
The US reciprocal tariffs will affect approximately USD 8.1 billion worth of India's exports to the US, while the overall impact on India's economy remains manageable, said an analysis by the industry body PHDCCI.
Analysis indicates that there will be an estimated impact of only 1.87 percent on India's total global merchandise exports and a negligible 0.19 percent on India's GDP as a result of the 25 percent tariff announced by the US on India.
Dit verhaal komt uit de August 07, 2025-editie van The Business Guardian.
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