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Trump Tariffs to Bring Down Exports to US by 30%: GTRI
Financial Express Pune
|August 05, 2025
India's merchandise exports to the US are projected to contract 30% on-year to $60.6 billion this financial year due to the additional 25% tariffs imposed on India by President Donald Trump, a report said.
India now faces a 25% country-specific tariff and an extra, unspecified penalty on its exports to the United States—one of the highest among Asian exporters, second only to China at 30%.
This puts Indian exports at a clear disadvantage across most sectors, barring a few exemptions," the report by Global Trade Research Initiative said.
Other competitors like Vietnam (20%), Bangladesh (18%), Indonesia, Malaysia, and the Philippines (19%), and Japan and South Korea (15%) enjoy lower rates.
The new US tariff regime excludes pharmaceuticals, energy products, critical minerals, and semiconductors. But outside these, Indian goods are under pressure.
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