Steep U.S. tariffs hit Indian goods

President Donald Trump has imposed a crushing 50% tariff on many
Indian exports to the U.S. Ð the highest rate in Asia Ð to punish the
country for its purchases of discounted Russian oil

U.S. TARIFFS ON ASIAN COUNTRIES (%)

Adjusted reciprocal
tariff rates

Tariff rate agreed as part
of U.S.-China truce

Secondary
tariff

India
Laos
Myanmar
China
Brunei
Bangladesh
Sri Lanka
Taiwan
Vietnam
Cambodia
Indonesia
Malaysia
Pakistan
Philippines
Thailand
Japan
South Korea

50
40
40
30
25
20
20
20
20
19
19
19
19
19
19
15
15

IndiaÕs
total exports
to U.S.
$86.5bn
(FY2024-25)

50% tariff
Includes textiles,
apparel, gems and
jewellery, shrimp,
carpets and
furniture (66%
of exports)

Duty free
Items such as
smartphones,
medicines and
petroleum products
(30% of exports)

25% tariff: Auto parts
(4% of exports)

Sources: Bloomberg, Reuters, The Times of India
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