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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 Slaps 50 Percent Tariffs on Indian Goods Over Russian Oil Purchases Amid Trade Tensions and Diplomatic Standoff

    US Slaps 50 Percent Tariffs on Indian Goods Over Russian Oil Purchases Amid Trade Tensions and Diplomatic Standoff
    Aug 11 2025
    You’re listening to India Tariff News and Tracker for Monday, August 11, 2025. The headline today: the United States is moving to impose a steep 50 percent tariff on most Indian goods by August 27, after President Donald Trump doubled down on an initial 25 percent levy announced at the start of the month. According to NDTV, Trump first set a 25 percent tariff on August 1 and then added another 25 percent, citing India’s continued purchases of Russian oil as the driver of the escalation. NDTV also notes US-India trade topped $200 billion in 2023, underscoring how significant this shock could be to bilateral commerce.

    The Times of India reports the additional 25 percent tariff takes effect August 27, lifting cumulative duties on India to 50 percent and placing India among the highest-taxed US trading partners globally. Vice President JD Vance said the administration is still weighing whether to apply similar measures to China’s Russian oil purchases, highlighting broader geopolitical stakes.

    Firstpost reports Prime Minister Narendra Modi has responded that India “will not compromise,” especially regarding farm sector interests, after what it describes as five rounds of failed negotiations in which Washington pressed for sweeping access to Indian agricultural markets. The Lowy Institute adds that the White House has ruled out broader trade talks until the tariff dispute is resolved, while pointing to longstanding US demands to lower Indian barriers on items like corn, soybeans, almonds, ethanol, and some GM products—issues that collide with Modi’s commitment to farmers.

    Hindustan Times live coverage says India’s government has called the tariffs “unfair, unjustified and unreasonable,” and notes the US move targets roughly half of Indian exports to America, with political signaling around Russian oil at its core. It also reports India is weighing countermeasures and that domestic leaders are warning about the competitiveness hit to Indian goods.

    On the market and finance front, the Economic Times, citing Bloomberg, reports Indian banks are tightening scrutiny on exporters’ loan applications, especially in textiles, gems, and jewelry, as firms assess cash flow risks and consider delaying orders while talks stall. Energetica India outlines the timeline: an initial 25 percent tariff effective August 1, ramping to 50 percent by August 27, compressing the window for de-escalation.

    Key takeaway for listeners: unless a deal emerges within the next two weeks, most Indian exports to the US could face a 50 percent tariff, a level that would materially reprice supply chains, pressure labor-intensive sectors, and test New Delhi’s balancing act on Russian energy and agricultural protections. We’ll track any movement on exemptions, counters, or a negotiation off-ramp.

    Thanks for tuning in—remember to subscribe for the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

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    3 mins
  • US Slaps 50 Percent Tariffs on India Sparking Trade War Economic Tensions and Potential Global Supply Chain Realignment

    US Slaps 50 Percent Tariffs on India Sparking Trade War Economic Tensions and Potential Global Supply Chain Realignment
    Aug 10 2025
    Listeners, today's top story is the dramatic escalation in US-India trade tensions after President Donald Trump’s administration announced new tariffs, with Indian exports now facing the highest US tariff rate in the world at 50 percent. According to Jagran Josh, as of August 7, 2025, US tariffs on India doubled from 25 percent to a whopping 50 percent, targeting key sectors like textiles, footwear, gems, jewellery, pharmaceuticals, and electronics. This is part of Trump's so-called reciprocal tariff strategy, which aims to force trading partners to lower their own tariffs on US products. India is being singled out more harshly than even China, with Trump's rhetoric focused on punishing New Delhi for its continued purchases of discounted Russian oil despite Western sanctions.

    India Today reports that US manufacturers themselves are alarmed by these tariffs, with former New Hampshire Governor Chris Sununu warning on CNBC that “it’s not India that’s worried, it’s American manufacturers who are panicking,” noting the strategic risk of alienating a vital global ally. India’s Ministry of External Affairs has condemned the move as “unfair, unjustified, and unreasonable,” emphasizing that the tariffs are in direct response to India’s oil trade with Russia, a practice the US itself and other allies continue in various forms.

    The impact is serious. The Indian Express cites UBS Chief India Economist Tanvee Gupta Jain, who estimates that $30 to $35 billion of India’s merchandise exports to America—out of $87 billion in 2024—are at risk, potentially dragging India’s GDP growth down by almost a full percentage point over the next two years. Some sectors, like pharma and smartphones, are still exempt due to ongoing Section 232 investigations, representing about 30 percent of Indian exports to the US.

    India isn’t taking the hit quietly. The Hindustan Times and Moneycontrol both report that New Delhi is weighing its first formal tariff retaliation on selected US goods, especially after the parallel dispute over steel and aluminum duties. India’s government has begun preparing legal grounds at the World Trade Organization and is considering proportional tariff measures to respond in kind. The US, meanwhile, has so far signaled no willingness to return to the negotiating table.

    The diplomatic fallout is already visible. According to Jacobin, India has suspended a planned purchase of US weapons and cancelled its defense minister’s visit to Washington. Instead, Prime Minister Narendra Modi is expected to meet with Chinese President Xi Jinping, marking a potential thaw with Beijing even as US-India relations hit a low point.

    This is not just a trade dispute—it’s a pivotal moment for India's role in global supply chains and international alliances. As FT notes, Trump's tariffs could reshape sourcing strategies, and India’s growing exports in electronics and smartphones might still find opportunities elsewhere. Indian policymakers are eyeing closer ties with BRICS partners and expanded trade negotiations with the EU, UK, and ASEAN.

    Thanks for tuning in to India Tariff News and Tracker. Don’t forget to subscribe. This has been a Quiet Please production, for more check out quietplease dot ai.

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

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    4 mins
  • US Imposes Massive 50 Percent Tariffs on Indian Exports, Escalating Trade Tensions and Threatening Bilateral Relations

    US Imposes Massive 50 Percent Tariffs on Indian Exports, Escalating Trade Tensions and Threatening Bilateral Relations
    Aug 8 2025
    Listeners, the United States has just imposed some of the most significant tariffs on Indian exports in recent trade history, escalating tensions between the world’s largest democracies and ushering in an uncertain phase for global commerce. As reported by the Economic Times, President Donald Trump’s administration has increased tariffs on certain imports from India to a staggering 50 percent, making it the single highest duty India faces globally, rivaled only by tariffs the US has imposed on Brazil. This move comes in response to New Delhi’s continuing oil trade with Russia and Washington’s longstanding frustration over the rising US trade deficit with India.

    These measures come into effect on August 27, 2025, and there are some exemptions, but the policy is already being called a “slow-motion catastrophe” by experts quoted by Reuters, with the Carnegie Endowment’s Ashley Tellis warning that the punitive tariffs threaten to unravel a quarter-century of trust and cooperation between the two nations. According to the Office of the US Trade Representative, the US goods trade deficit with India hit $45.8 billion last year, up almost 6 percent from 2023. While US exports to India did grow somewhat, Indian exports to the US grew even faster, contributing to Washington’s escalating concerns.

    Prime Minister Narendra Modi, for his part, is standing firm. He’s refused to cut tariffs on sensitive agricultural and dairy products, citing the need to protect millions of Indian farmers and to respect cultural and religious traditions. Modi has labeled this his “red line,” stating—directly to his domestic audience—that he’s prepared to pay a personal and political price to defend these sectors.

    On the US side, President Trump made it clear in statements reported by InsideTrade and the Times of India that he has no current plans to reopen trade talks with India, indicating that negotiations are on pause. Officials in the US State Department, including Principal Deputy Spokesperson Tommy Pigott, have echoed that the relationship remains vital but admit to “serious concerns” about both India’s oil imports from Russia and the ongoing trade imbalance.

    Former State Department official Evan Feigenbaum has described the situation as one where the bilateral relationship risks being “dismantled by the very forces of domestic politics” that both sides had long worked to keep at bay. Issues around technology transfer, H-1B visas, and defense cooperation are also in sharper contention because of these tariffs.

    Listeners, these new tariffs not only reshape the pricing of Indian goods in the American marketplace but also inject further uncertainty into already strained US–India ties, affecting supply chains, jobs, and global market confidence.

    Thank you for tuning in to India Tariff News and Tracker. Be sure to subscribe so you don’t miss our latest updates and analysis on these crucial developments. 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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