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India's exports to US could decline by $5.76B this year due to high tariffs: GTRI
YourStory
·
4m ago
Medial
India's merchandise exports to the US may decline by $5.76 billion in 2025 due to increased US tariffs, impacting sectors like marine items, gold, and electronics, according to GTRI. The US imposed a 26% tariff on Indian goods, with exemptions for pharmaceuticals and certain energy products. High-value items remain subject to standard tariffs. India is expected to face significant export reductions, though its competitive position in some sectors may offer slight cushioning against these losses.
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US tariffs may cost India’s electronics sector up to $30 billion
Economic Times
·
3d ago
Medial
India's electronics industry could lose up to $30 billion in business due to US tariffs, potentially impacting semiconductors. Despite exemptions for Apple and Samsung, other electronics exports remain vulnerable. Smartphone exports are expected to increase reliance, with India currently exporting $38.6 billion in electronics, $14.6 billion of which goes to the US. The tariffs could double, affecting the non-smartphone segment heavily, while US tariff exemptions mainly cover smartphones and telecom equipment.
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Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil
Economic Times
·
3m ago
Medial
US tariffs, particularly those initiated by President Donald Trump, may slightly benefit India's smartphone exports. While U.S. tariffs on Chinese imports stand at 245%, Indian exports face a lower tariff of 26%. This could make Indian-made smartphones more competitive, despite being priced higher than Chinese ones. However, such tariffs may increase U.S. inflation and push global manufacturers to seek markets with lower tariffs, potentially impacting India's export boost in the longer term.
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India risks 1% GDP hit as Trump slaps 50% tariffs over Russian oil
Economic Times
·
3d ago
Medial
India's GDP growth could drop by 1% as the U.S. under Trump doubles tariffs on Indian goods to 50%, targeting India's Russian oil purchases. These tariffs threaten exports, especially to the U.S., India's largest market, impacting sectors like textiles and electronics. The Reserve Bank of India's growth forecast may decline, while new markets are being explored. Analysts warn of a potential 1.1% GDP hit if additional sector tariffs emerge, urging policy responses.
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US President Trump imposes 27% reciprocal tariff on Indian imports
YourStory
·
4m ago
Medial
The US announced a 27% reciprocal tariff on India due to high Indian import duties on American goods. President Trump highlighted the need to address trade imbalances and bolster US manufacturing. The tariffs will affect India's exports, although analysts suggest India is in a better position compared to competitors. While some in India view the move as challenging, trade negotiations continue, aiming to ease tariffs. India maintains a trade surplus with the US, its largest trading partner.
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Meity in touch with commerce ministry to find way around Trump tariffs
Economic Times
·
5m ago
Medial
Facing potential US tariffs, India's electronics and IT ministry is in talks with the commerce ministry to address reciprocal trade issues, potentially lowering duties on US smartphone imports. This move is amidst stakeholder consultations and industry recommendations to eliminate duties on US-imported electronics. The US market is vital for India's export growth, yet impending reciprocal tariffs could impact competitiveness, pushing global supply chains away from India if not addressed. India's electronics exports heavily rely on tariff-free access to the US market.
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Four Indian pharma stocks that may be hit by US pharma tariff threat
Livemint
·
1m ago
Medial
The Indian pharmaceutical industry, heavily reliant on US markets for exports of generics and specialty drugs, faces potential revenue disruptions due to possible US import tariffs. After US President Donald Trump’s announcement of impending tariffs, Indian pharma stocks experienced a notable decline, with the Nifty Pharma index dropping over 2% intraday, marking it as the worst-performing sector. This development raises concerns about future impacts on Indian pharmaceutical companies trading in the US.
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Why agriculture, dairy are sticking points in India-US trade deal
Livemint
·
27d ago
Medial
India's efforts to finalize a trade deal with the US face challenges due to the US's demands for greater access to Indian agricultural and dairy markets. As the deadline approaches, these sectors remain contentious points. India's high agricultural tariffs and its historical net exports in agricultural products are key factors in the negotiation impasse, with experts divided on whether India should open up these sectors to more foreign competition.
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After a robust march, pharma exports slow
Economic Times
·
1m ago
Medial
In April and May, India's pharmaceutical exports grew by just 1.5% year-on-year, a slowdown from the 31.2% surge in March. This March increase was driven by expedited shipments to meet financial year-end targets and the potential threat of US tariffs. Despite these challenges, exports to the US rose by 20.4% in 2024-25. The industry aims to enhance compliance and strategic investments to double overall exports to $120-130 billion by 2030.
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Germany slams Donald Trump tariffs, US tech titans in crosshairs
Economic Times
·
4m ago
Medial
German Chancellor Olaf Scholz criticized new US tariffs as "fundamentally wrong," warning that the European Union might retaliate by targeting American tech giants. The tariffs, unveiled by President Trump, could harm global trade and economies. Economy Minister Robert Habeck mentioned potential EU tax measures against US tech firms. As Germany faces significant impact due to its major exports, business groups decried the tariffs as a threat to international trade and economic stability.
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Indian fuel exports escape Trump's tariff net, no Russian penalty yet
Economic Times
·
9d ago
Medial
India's exports of petroleum products to the US remain exempt from Trump's proposed tariffs, maintaining a favorable trade position despite his concern over India's energy ties with Russia. The US administration hasn't indicated any penalty for India's Russian crude imports. Indian fuel exports, valued at over USD 4 billion in the 2024-25 fiscal year, remain unaffected. India's reliance on Russian oil has increased since the Ukraine conflict, supplying 35-40% of its crude imports.
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