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India Tariff News and Tracker

India Tariff News and Tracker

By: Quiet. Please
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 This is your India Tariff Tracker podcast.

India Tariff Tracker is your go-to daily podcast for the latest news and updates on tariffs affecting India, particularly those imposed by the United States. Dive deep into insightful analyses, expert opinions, and comprehensive reports that unravel the complexities of international trade and its impact on India. Stay informed with real-time information and understand how tariff changes shape India's economy and global relations. Perfect for business leaders, policymakers, and anyone keen to understand the dynamic trade landscape, India Tariff Tracker is your essential guide to navigating tariff developments.

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Episodes
  • US Imposes 26 Percent Tariffs on Indian Exports Trump Administration Targets Trade Barriers in Reciprocal Economic Move

    US Imposes 26 Percent Tariffs on Indian Exports Trump Administration Targets Trade Barriers in Reciprocal Economic Move
    Jun 1 2025
    Listeners, welcome to this episode of India Tariff News and Tracker, bringing you the latest updates on US-India tariff developments as of June 1, 2025.

    Big news continues to dominate the headlines: the United States under President Donald Trump has issued sweeping new tariffs, including a significant 26 percent ad valorem duty on a wide array of Indian exports. This move, announced on April 2, 2025, forms part of Trump’s renewed push for so-called “reciprocal tariffs.” The administration claims these measures are a response to what it characterizes as unfair trade practices and high barriers to US goods entering foreign markets, with India singled out for having the highest average tariff rates among major economies.

    According to official White House fact sheets and legal documentation, the new regime imposes a baseline 10 percent tariff on all countries, but India faces a much steeper country-specific rate. The 26 percent tariff on most Indian goods, implemented from April 9, 2025, sharply raises costs for Indian exporters targeting the US market. There are some exemptions—including for pharmaceuticals, semiconductors, energy, and copper products—but for sectors like textiles, agricultural goods, and consumer products, the tariff bite is substantial. Goods containing at least 20 percent US-origin content are only taxed on the non-US portion, giving limited relief to certain Indian supply chain operators.

    For context, the US Trade Representative’s National Trade Estimate Report for 2025 highlighted that India’s average most favored nation applied tariff stood at 17 percent in 2023, with agricultural tariffs soaring to an average of 39 percent. President Trump has repeatedly criticized India as the world’s “tariff king,” and these new US tariffs appear aimed at pressuring India to lower trade barriers and open its market more widely to American goods.

    US officials cite legal backing under the Trade Act of 1974 to defend these reciprocal tariffs, though many analysts predict legal challenges ahead at the World Trade Organization. While the political rhetoric has heated up, Indian businesses are grappling with immediate uncertainty, supply chain disruptions, and rising costs for goods bound for the US. Meanwhile, economic strategists suggest this escalation could be an opportunity for India to rethink its own protectionist policies and position itself as a more reliable global trading partner.

    Listeners, that wraps up the latest on the US-India tariff front. These shifting policies will have profound implications for global trade and India’s export landscape. Thank you for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for more timely updates. This has been a quiet please production, for more check out quiet please dot ai.

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    3 mins
  • Trump Imposes 26% Tariffs on Indian Imports Amid Trade Tensions Escalating Economic Uncertainty Between US and India

    Trump Imposes 26% Tariffs on Indian Imports Amid Trade Tensions Escalating Economic Uncertainty Between US and India
    May 29 2025
    Welcome to India Tariff News and Tracker. In today's update, we're covering the latest developments in US-India trade relations under the Trump administration.

    On April 2, 2025, President Donald Trump imposed a sweeping 26% tariff on Indian imports to the United States as part of his "Reciprocal Tariffs" executive order. This move came after the US Trade Representative's annual report highlighted India's 17% average tariff rate as being among the highest of major economies, compared to the US average of just 3.3%.

    The tariffs, which took effect on April 9, 2025, apply to most Indian exports to the US, though certain exemptions exist for pharmaceuticals, semiconductors, energy products, and goods with at least 20% US origin content.

    In a significant development, on May 12, 2025, Trump secured what the White House called "a historic trade win" with China, agreeing to suspend the 34% reciprocal tariff imposed on Chinese goods for 90 days while maintaining a 10% baseline tariff. This raises questions about whether similar negotiations might be possible with India.

    As of today, May 29, 2025, the 26% tariff on Indian goods remains in effect, creating significant challenges for Indian exporters. The tariffs have triggered ripples across global supply chains and intensified economic uncertainty worldwide.

    Some analysts suggest this situation presents an opportunity. As Foreign Policy noted in an article published today, India could potentially position itself as "a more reliable trading partner to the world than either China or the United States" amid ongoing US-China trade tensions and the global "China+1" supply chain diversification strategy.

    However, achieving this would require India to address its own protectionist trade policies. Trump has repeatedly labeled India the world's "tariff king," pointing to India's high duties on various US exports, including agricultural products where tariffs reach 39%.

    The coming weeks may prove critical for US-India trade relations as both countries navigate these tensions while seeking a path forward that protects their respective economic interests.

    Thank you for tuning in to India Tariff News and Tracker. Remember to subscribe for more updates on this evolving situation. This has been a quiet please production, for more check out quiet please dot ai.

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    3 mins
  • US Imposes Steep 36 Percent Tariffs on Indian Imports Amid Trade Tensions Sparking Bilateral Negotiations

    US Imposes Steep 36 Percent Tariffs on Indian Imports Amid Trade Tensions Sparking Bilateral Negotiations
    May 25 2025
    Welcome to India Tariff News and Tracker, your source for the latest developments in tariffs, trade policy, and US-India economic relations.

    As of late May 2025, the trade relationship between the United States and India is undergoing a dramatic shift. Earlier this spring, President Donald Trump, now in his second term, announced sweeping new tariffs as part of a broader “reciprocal tariff” regime. Effective April 5, 2025, a baseline 10 percent tariff was imposed on imports from virtually all countries. However, India found itself especially targeted: starting April 9, 2025, a country-specific tariff took effect, raising the rate on Indian goods entering the US by a further 26 percent. That means most Indian exports to America now face a combined tariff rate of 36 percent, subject to certain exemptions. Goods such as pharmaceuticals, semiconductors, energy, and copper are exempt, along with products with at least 20 percent US-origin content, which are taxed only on their non-US portion. According to S.S. Rana & Co., these tariffs were justified by the administration as a response to India’s own high trade barriers and are rooted in Section 301 authority of the US Trade Act of 1974, but are likely to face challenges at the World Trade Organization.

    President Trump’s stated rationale for these tariffs has been to address the large and persistent US trade deficit, restore American manufacturing, and counter what he called non-reciprocal trade practices. The White House describes India’s average applied tariff rate as 17 percent, which is the highest among the world’s largest economies. For context, agricultural goods in India are subject to average tariffs of 39 percent, while non-agricultural goods average 13.5 percent. The US, meanwhile, maintains an average applied tariff of just 3.3 percent. The new tariffs, according to the White House fact sheet, will remain in effect until the administration determines the trade deficit threat is resolved.

    In the midst of these escalating measures, there is also movement toward diplomacy. Early April saw the US and India announce the Terms of Reference for a new bilateral trade agreement. According to the Office of the US Trade Representative, the goal is to expand market access, reduce tariffs and non-tariff barriers, and build a results-driven agenda for mutual benefit. The United States welcomed India’s willingness to reduce certain tariffs as part of these negotiations, and there is anticipation of initial outcomes later this year.

    For Indian exporters, the sudden tariff escalation has already created volatility and uncertainty, especially in sectors like textiles, agricultural products, and consumer goods. While some relief is available for select products, the overall impact is expected to be significant for bilateral trade flows in the coming months.

    That’s all for today’s update on the US-India tariff front. Thank you for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for future episodes. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    3 mins

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