 "India US trade, US import tariffs 2025, reciprocal tariffs India, Indian exporters US, apparel export India, 90-day tariff pause, US India trade relations, export challenges tailor-made goods, US tariff impact India, Indo-US apparel trade")
Last week, United States (US) President Donald Trump imposed a tariff of 25 per cent on goods from India and threatened to impose further penalties. The new duty rates will apply for goods shipped after this Thursday. The duty exemptions for items like pharmaceuticals, electronics etc. will continue. The higher rates for steel, aluminium etc. announced earlier will also continue.
Our government has said that negotiations for a bilateral trade agreement will continue and that national interests, especially those of the farmers and small businesses, will be protected. A US trade delegation is expected in India later this month and
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
