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India Tariff News and Tracker
Quiet. Please
46 episodes
4 days ago
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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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.

For more info go to

https://www.quietplease.ai


Or check out these deals
https://amzn.to/3FkjUmw
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Episodes (20/46)
India Tariff News and Tracker
US Imposes Massive 50% Tariffs on Indian Imports Amid Geopolitical Tensions Over Russian Oil Trade
Listeners, today’s top story in global trade is the sweeping escalation of US tariffs on Indian goods under the Trump administration. As of August 7, President Trump ordered a 25% tariff on Indian imports, and in response to India’s ongoing purchases of Russian oil, announced a further hike to a staggering 50%, set to take effect on August 27. According to the Economic Times, this move vaults India into the position of America’s most heavily taxed Asian trading partner, with the White House justifying the tariffs as pressure to curb Moscow’s wartime revenues and force a ceasefire in Ukraine.

The timing is no accident. President Trump is days away from his Alaska summit with Russian President Vladimir Putin, seeking leverage at the negotiating table. In an interview with Fox News Radio, Trump openly tied the Indian tariffs to influencing Moscow, pointing out that stripping Russia of its second-biggest oil buyer is meant to bring Putin to talks. Treasury Secretary Scott Bessent has even warned that tariffs could be ratcheted up further if Russia does not halt its actions in Ukraine. Despite these geopolitical aims, India has called the measures “unfair, unjustified, and unreasonable,” emphasizing its energy security needs and defending its oil trade with Russia as essential to protecting millions of Indians from rising fuel costs.

Economic implications for India are immediate and severe. The Times of India reports the steep tariffs could slash Indian exports to the US by between $30 and $50 billion, depending on how much trade shifts elsewhere or adapts to new costs. Labor-intensive sectors—especially textiles, gems and jewellery, marine products, auto components, and agriculture—face brutal setbacks. Gems and jewellery alone, sending a third of output to the US, could see sales collapse, with India’s overall GDP growth forecast trimmed by up to one full percentage point if worst-case scenarios materialize.

The motivations behind these tariffs run deeper than economics. Experts at the Global Trade Research Initiative, cited by both the Economic Times and Columbia Energy Exchange, argue that the White House is using tariffs as a blunt lever to force India’s compliance on a host of issues, including agriculture, patent laws, and military purchases. India’s refusal to “fall in line” contrasts with Washington’s expectations of countries like Pakistan. With bilateral talks deadlocked over US demands for access to the vast Indian agriculture and dairy market, Prime Minister Modi has declared his government will never compromise on the livelihoods of Indian farmers and fishermen.

Despite tariff threats and frosty rhetoric, both sides insist dialogue continues. Commerce secretary Sunil Barthwal confirms ongoing negotiations, with the next round set for late August. The eventual aim remains ambitious: a first-stage bilateral trade agreement by October and a doubling of US-India trade to $500 billion by 2030, a sharp contrast to the current $191 billion figure.

That wraps up this edition of India Tariff News and Tracker. Thank you for tuning in—don’t forget to subscribe so you never miss an update. This has been a quiet please production, for more check out quiet please dot ai.

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4 days ago
3 minutes

India Tariff News and Tracker
Trump Doubles Tariffs on Indian Imports Over Russian Oil Purchases Amid Escalating Trade Tensions Between US and India
Listeners, welcome back to India Tariff News and Tracker. The biggest story this August is President Donald Trump’s move to double US tariffs on Indian imports. Just last week, Trump signed an executive order that slaps an additional 25 percent tariff on all Indian-origin products due to India’s ongoing purchases of Russian oil. This tariff is on top of the 25 percent “reciprocal tariff” rolled out on August 7, which means that by August 27, many Indian goods will face total US duties of 50 percent. Only a few sectors, such as some pharmaceutical and consumer electronics exports, are reportedly exempted, but for most products, this is among the steepest US tariff rates globally.

The rationale from the White House is that India’s oil imports from Russia “undermine US efforts to counter Russia’s harmful activities” and present what’s described as an “unusual and extraordinary threat” to US national security. Trump administration officials have accused India of not only importing large amounts of Russian oil, but also reselling it on the open market, allegedly for major profits. In response, India’s Ministry of External Affairs has called the move “unfair, unjustified, and unreasonable,” and stated that New Delhi would take all steps necessary to protect its national interests. There’s been no announcement yet of retaliatory measures by India, but officials are doubling down on strategic ties with Russia and BRICS partners, signaling that they won’t be pressured into altering their energy policy.

Adding to the tension, US Treasury Secretary Scott Bessent said just yesterday that India is being “recalcitrant” in ongoing US-India trade talks. Despite US expectations, Treasury officials admit that there’s little prospect of a quick resolution. President Trump himself flatly refused to resume trade dialogue with India until the tariff dispute is settled. These developments have cast a shadow over what was once a promising partnership between Prime Minister Modi’s government and Washington. Earlier in Trump’s term, Modi was one of the first world leaders Trump hosted in his second term. But this summer, visible friction over everything from US mediation claims in India-Pakistan disputes to spelling out differences on energy strategy have led to a rapid unraveling in relations.

On the economic side, S&P Global Ratings says these harsh tariffs are unlikely to threaten India’s overall GDP growth or its sovereign rating, since India is not heavily trade-dependent. US imports make up only about 2 percent of India’s GDP, and key sectors like pharma are largely spared. That said, Indian exporters in textiles, gems, steel, auto parts, and other manufacturing sectors are bracing for major disruptions in the US market, even as India pivots trade and diplomacy towards alternative partners like China and Brazil. Notably, while India now faces one of the sharpest tariff punishments, the Trump administration has offered a 90-day truce to China as part of ongoing negotiations, a contrast that has not escaped New Delhi’s notice.

Thank you for tuning in to this special update on India Tariff News and Tracker. Don’t forget to subscribe for the latest on trade actions, policy moves, and the real-time impact on Indian business and global affairs. This has been a quiet please production, for more check out quiet please dot ai.

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6 days ago
3 minutes

India Tariff News and Tracker
US Slaps 50 Percent Tariffs on Indian Goods Over Russian Oil Purchases Amid Trade Tensions and Diplomatic Standoff
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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1 week ago
3 minutes

India Tariff News and Tracker
US Slaps 50 Percent Tariffs on India Sparking Trade War Economic Tensions and Potential Global Supply Chain Realignment
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.

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1 week ago
3 minutes

India Tariff News and Tracker
US Imposes Massive 50 Percent Tariffs on Indian Exports, Escalating Trade Tensions and Threatening Bilateral Relations
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.

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1 week ago
3 minutes

India Tariff News and Tracker
US Imposes Massive 25% Tariff on Indian Goods Amid Tensions Over Russian Oil Imports Trade War Escalates
Welcome to India Tariff News and Tracker. Listeners, as of today, August 6th, 2025, the U.S.-India trade relationship is under intense spotlight, with dramatic new tariff actions from the Trump administration and deepening diplomatic tensions.

The big headline for the day: the United States has officially set a 25% blanket tariff on all Indian goods entering the country, with the Trump administration openly threatening to raise that rate even higher in the coming days. According to the Times of India, President Trump has stated publicly that India’s continued purchase of Russian crude oil is the main reason for this move. In an interview with CNBC, he dismissed India’s offer of potential “zero tariffs” for U.S. goods, saying that as long as India continues its Russian oil trade, tariffs will not only remain, but could rise “very substantially over the next 24 hours.” The official line from the Trump administration is that these tariffs are part of a broader effort to punish countries believed to be “financing” Russia’s war in Ukraine through energy purchases.

For context, the Economic Times highlights just how central U.S. trade is to India’s economy. The United States is India’s largest export destination, with a trade surplus that has nearly doubled in the past decade. India’s exports to the U.S. reached about $81 billion in 2024, including major products like garments, pharmaceuticals, petrochemicals, and jewelry. The new tariffs and threatened penalties could put nearly $64 billion of those exports at serious risk. According to a Reuters report cited in the Hindustan Times, internal Indian government assessments warn that the combined impact of a 25% tariff—plus a possible 10% penalty specifically tied to Russian oil—could erode Indian exporters’ price competitiveness and lead to substantial export losses.

Politically, India’s response has been firm. The Ministry of External Affairs has labeled the U.S. tariff moves “unjustified and unreasonable,” pointing out what they argue is a double standard: both the United States and European Union continue to import key resources from Russia, even as they pressure India to halt its own Russian dealings. India maintains that it will take “all necessary measures to safeguard its national interests and economic security.”

The Reserve Bank of India, meanwhile, is watching the situation closely. As reported by NDTV, the RBI has held its policy rate steady at 5.5% but admits that it’s too early to estimate the economic fallout from these escalating tariffs. Growth forecasts have been nudged lower, and Indian officials are emphasizing the importance of domestic economic resilience in the face of evolving global trade tensions.

In a particularly sharp development, Bloomberg Television notes that Trump is now also threatening much steeper tariffs—potentially up to 250%—on imported pharmaceuticals, a major Indian export sector, as part of a push to onshore drug manufacturing back to the U.S. This uncertainty is leaving Indian exporters, policymakers, and business leaders in a constant state of flux, as they await details on how high tariffs will actually go and whether last-minute diplomacy can avert further escalation.

Listeners, that’s the latest as the U.S.-India trade dispute continues to evolve at breakneck pace. We’ll be tracking every tariff headline and trade negotiation. Thank you for tuning in, and don’t forget to subscribe to stay up-to-date with all our India Tariff News and Tracker updates.

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1 week ago
3 minutes

India Tariff News and Tracker
US Imposes Massive 25% Tariffs on Indian Goods Amid Trade Tensions Economic Impact and Geopolitical Standoff Emerge
Listeners, today’s top story on India Tariff News and Tracker is the drastic escalation in trade tensions between the United States and India following President Donald Trump’s announcement of a sweeping 25% tariff on all Indian goods entering the US, set to take effect on August 7. According to the Times of India, the US has enacted this uniform tariff alongside an unspecified penalty, with key Indian export sectors such as textiles, marine products, and home textiles already bracing for severe consequences. Notably, the new tariff puts India at a significant competitive disadvantage, with other countries like Vietnam, Bangladesh, and Turkey facing substantially lower US tariffs, typically in the 15 to 20% range.

The rationale behind Trump’s move appears to be as much political as economic. SBI Research, cited by the Times of India, points out that US-India trade talks had been progressing until recently, with both sides indicating optimism. That changed abruptly last week when Trump linked the tariffs not only to perennial trade deficit concerns but to India's growing defense and energy ties with Russia, as well as India’s participation in the BRICS coalition, which Trump has labeled as "anti-US." Trump told reporters that targeting BRICS members with higher tariffs is part of an effort to protect the dominance of the US dollar and counter what he sees as threats to America’s global economic standing.

This move by the Trump administration reverses years of progress in the US-India economic relationship. NDTV highlights that the US is India’s largest trading partner, with two-way trade now exceeding $200 billion each year. US foreign direct investment in India stands at around $60 billion, and Indian companies have invested more than $40 billion in the US. But according to President Trump, these figures are not sufficient to justify more favorable access for Indian goods, particularly when he claims that India “has done relatively little business with the US.”

The Modi government’s immediate response, as reported by the Economic Times, has been to double down on efforts to promote indigenous production and brand building under the "Make in India" initiative. Modi has publicly urged Indian consumers and policymakers to preferentially support homegrown products and has called for new programs to buffer vulnerable export sectors such as marine foods. Indian authorities have also refused to bow to US pressure on agricultural access and dairy imports, emphasizing that these industries are vital for domestic employment and sensitive cultural considerations.

MUFG Research warns that the 25% tariffs could trim India’s GDP growth by 0.3 percentage points, impact the rupee, and threaten around half of India’s $85 billion in US exports, although electronics and pharmaceutical exports are temporarily exempt. Talks are set to resume later in August, but, for now, policy uncertainty and a hard stance from both sides cast a shadow over efforts to reach a new trade deal.

Listeners, that wraps up your update for today, August 4th, 2025. Thanks for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for the latest headlines and analysis. This has been a quiet please production, for more check out quiet please dot ai.

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2 weeks ago
3 minutes

India Tariff News and Tracker
US Imposes Massive 25 Percent Tariff on Indian Imports Sparking Trade Tensions and Economic Uncertainty in 2025
Listeners, welcome to India Tariff News and Tracker, your source for the latest headlines and developments on trade policy impacting India and the United States.

This week marks a major turning point in US-India trade. Following President Trump’s announcement, the United States has officially levied a sweeping 25 percent tariff on virtually all Indian imports as of August 1, 2025, shaking both New Delhi and global markets. According to the Economic Times Government, this move is rooted in Trump’s "America First" approach, and justified by the administration as a response to trade imbalances, stalled concessions from India, and continued Indian purchases of Russian energy and defense technology.

Indian authorities, including the Ministry of Commerce, have responded with measured concern, stating that India is “closely studying the implications” and remains committed to seeking a fair and mutually beneficial trade accord. The government is evaluating further steps to secure national interests and has highlighted positive progress with other trading partners, such as the Comprehensive Economic and Trade Agreement with the UK, as evidence of its commitment to open markets.

The tariff’s effects could be severe for Indian exporters. Modern Diplomacy reports that $87 billion worth of Indian goods—nearly a fifth of all nationwide exports—now face higher costs as they head to the vital US market. Sectors most at risk include pharmaceuticals, textiles, electronics, and machinery. Trade insiders in The Economic Times warn that Indian exporters are already bracing for US order cancellations and tighter margins, with calls for immediate government support such as interest equalization on export credit and enhanced export promotion incentives. The textile industry, in particular, anticipates layoffs and lost business as the US is the largest buyer of Indian textiles.

Despite the blanket tariff, there are strategic carveouts. According to a YouTube analysis, smartphones, computers, semiconductors, and services exports remain exempt for now, giving some relief to high-value tech exports—especially as Indian smartphone shipments to the US have surged to record highs in 2025, largely driven by Apple’s expanded manufacturing footprint in India. However, these exemptions are under review and could be revoked as the US Commerce Department examines the national security implications.

Diplomatically, this tariff escalation signals a breakdown in fast-progressing trade negotiations and could reshape the US-India partnership. Earlier this year, Prime Minister Modi sought to double trade with the US to $500 billion by 2030, with both leaders announcing ambitious defense and technology cooperation. But tensions over tariffs, digital taxes, and Russia policy have derailed progress.

Adding to the complexity, South China Morning Post reports the US has simultaneously unveiled a large oil exploration deal with Pakistan, signaling a shift in regional alliances and putting further pressure on New Delhi at a sensitive moment.

Indian ministries are currently reviewing possible tariff concessions for coming negotiations. Analysts caution that while selective concessions may offer hope, exporters and policymakers alike face an uncertain road ahead.

Thank you for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for the latest headlines and insights. This has been a quiet please production, for more check out quiet please dot ai.

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2 weeks ago
3 minutes

India Tariff News and Tracker
Trump Imposes Massive 25% Tariffs on Indian Goods Citing Trade Imbalances and Geopolitical Tensions
Listeners, welcome back to India Tariff News and Tracker, where we keep you updated on the latest US-India trade developments and tariffs. Major changes have just come from Washington. President Donald Trump has announced a sweeping 25% tariff on all goods imported from India, effective August 7, following months of negotiations between the two countries. According to The Economic Times, the White House unveiled an extensive list of new tariffs on nearly 70 countries, but India faces one of the toughest crackdowns, as it’s been denied all product-level exemptions—even in sectors like pharmaceuticals and electronics that previously enjoyed relief.

This 25% “Reciprocal Tariff, Adjusted” on Indian goods comes as part of Trump’s new executive order titled “Further Modifying The Reciprocal Tariff Rates,” released just yesterday. The President justified these actions by pointing to what he called persistent trade imbalances as well as India’s continued purchase of Russian military equipment and crude oil, despite ongoing US pressure over the Russia-Ukraine war. Trump stated that some countries have shown willingness to correct trade barriers, but India has not offered terms he believes are sufficient to address what he called unfair trade practices.

ABC News reports that the U.S. sees India’s existing tariffs as “far too high, among the highest in the World,” with certain categories exceeding 100%. The U.S ran a $45 billion trade deficit with India last year, and officials argue that steep Indian tariffs have consistently blocked American producers from gaining fair access to the Indian market. The current escalation is also intended to press India to align with U.S. economic and national security interests, signaling a new phase of trade confrontation.

For listeners interested in specifics, this blanket 25% tariff covers nearly all sectors, including key exports like petroleum products, smartphones, pharmaceuticals, engineering goods, electronics, and textiles. According to an analysis by the Global Trade Research Initiative, this move could reduce India’s exports to the U.S. by up to 30% in the coming fiscal year, bringing them down from $86.5 billion to about $60.6 billion.

By contrast, some of India’s export competitors—such as Bangladesh, Sri Lanka, and Vietnam—are facing a lower 20% duty, as reported by The Times of India. The lack of exemptions for India is expected to hit its most valuable export categories, particularly those with high import content and limited domestic value addition, like pharmaceuticals and electronics.

The Indian government has responded that it’s taken note of Trump’s comments and is closely studying the implications of these new tariffs as trade negotiations continue. These measures are some of the biggest headlines in US-India trade news this week, and the impact is likely to reverberate throughout both economies.

Thanks for tuning in to India Tariff News and Tracker. Don’t forget to subscribe to stay up to date on these fast-moving developments. This has been a quiet please production, for more check out quiet please dot ai.

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2 weeks ago
3 minutes

India Tariff News and Tracker
Trump Imposes 25% Tariffs on Indian Goods, Escalating Trade Tensions and Challenging Bilateral Economic Relations
Listeners, today's top story is the escalation of tariff tensions between the United States and India. US President Donald Trump has just announced that, effective August 1, 2025, India will face a 25 percent tariff on goods entering the US, alongside an additional penalty for India's continued energy and arms purchases from Russia. Trump made this announcement on Truth Social, emphasizing that while India is considered a friend, years of limited trade are due to what he calls “the most strenuous and obnoxious non-monetary trade barriers of any country.” According to the Times of India, this tariff is part of Trump’s reciprocal trade agenda, which aims to address what he views as persistent unfairness in India’s high tariffs and restrictive regulations against American goods.

Commerce Secretary Howard Lutnick confirmed that these tariffs will not be delayed, stating, “No extensions, no more grace periods. August 1, the tariffs are set. They’ll go into place. Customs will start collecting the money, and off we go.” The backdrop to all this is a deadlocked trade negotiation, with sources like Axios reporting that a final trade deal between India and the US remains elusive, despite many months of talks and public signals that an agreement was near.

India’s government, as reported by Reuters via the Times of India, is preparing for tariffs between 20 and 25 percent on specific exports, in line with Trump’s public comments. One Indian official noted that these higher tariffs are expected as a temporary measure, and that a trade delegation is scheduled to visit Washington in mid-August to continue negotiations. US Trade Representative Jamieson Greer echoed this sentiment, telling Bloomberg, “We continue to speak with our Indian counterparts, we’ve always had very constructive discussions with them...but I think we need some more negotiations on that with our Indian friends to see how ambitious they want to be.”

Industries across India are bracing for higher costs and the threat of disrupted supply chains, especially in sectors like electronics, seafood, and apparel. At the same time, experts note that India’s relatively low dependence on US exports—at just 2.2% of its GDP according to Bloomberg—may soften the blow, but the immediate outlook remains uncertain. With Trump’s aggressive “reciprocal tariffs” policy already in effect for countries like Indonesia and the Philippines, India is now facing intense pressure to make concessions.

Listeners, the stakes are high, and we’ll keep tracking every development as India and the US race to resolve their differences. Thanks for tuning in to “India Tariff News and Tracker.” Don’t forget to subscribe for the latest updates. This has been a Quiet Please production, for more check out quietplease dot ai.

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2 weeks ago
2 minutes

India Tariff News and Tracker
US India Trade Tensions Escalate Ahead of August 1 Tariff Deadline with Potential 26 Percent Export Levy Looming
Listeners, welcome to today’s episode of "India Tariff News and Tracker." As of July 28, 2025, the tariff news cycle has been dominated by ongoing tensions and negotiations between the United States, the Trump administration, and India.

According to Bloomberg, India’s finance ministry is warning that ongoing uncertainty around U.S. President Donald Trump’s tariff policies could weigh heavily on India’s trade performance in the coming quarters. The ministry’s economic report released today points out that a global slowdown, especially from the U.S., and continuing uncertainty on the U.S. tariff front are key risks for India’s export sector.

A critical deadline looms over these negotiations: the so-called U.S. “Liberation Day” tariff policy set to take effect August 1. Deccan Herald details that if a trade deal isn’t reached by then, a new tariff rate of up to 26% will apply to Indian exports to the U.S. The sectors at the highest risk include textiles, apparel, and seafood products. Indian seafood exports to the U.S., valued at $2.5 billion in 2024, would be hit especially hard. By comparison, competing countries like Ecuador and Chile would face only the U.S. blanket 10% base tariff rate.

Negotiations remain tense. According to Time magazine, the U.S. has pushed for significant Indian concessions on agricultural and dairy market access. However, Indian policymakers, bolstered by powerful farmer lobbies, have resisted opening up domestic markets. In response to persistent high U.S. tariffs on Indian steel, aluminum, and auto-parts, India has even threatened WTO-compliant retaliatory tariffs against the United States.

Despite the friction, there’s cautious optimism. Time reports that negotiators are close to finalizing an interim mini-agreement expected next month. This deal would reduce U.S. tariffs on Indian textiles and apparel from the current 26% down to 10%, in return for India lowering tariffs on U.S.-grown nuts and some fruits, and potentially granting modest tariff relief in the automotive sector. The most contentious issues—food grains and major dairy products—are likely to be deferred for now.

Meanwhile, Foreign Policy notes that the Trump administration has further complicated matters by tying tariff threats to India’s energy imports from Russia, raising the possibility of 100% secondary tariffs unless Russia agrees to a cease-fire in Ukraine. The mounting uncertainty is driving India to diversify trade partners and reconsider its economic alignment.

Listeners, as the August 1 tariff deadline approaches, all eyes will be on Washington and New Delhi. India’s approach remains one of cautious negotiation, balancing export ambitions with domestic political realities.

Thank you for tuning in to "India Tariff News and Tracker." Please remember to subscribe for weekly updates on this fast-moving story.

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3 weeks ago
3 minutes

India Tariff News and Tracker
India US Trade Talks Intensify as Trump Threatens 26 Percent Tariffs on Indian Exports Ahead of August Deadline
Listeners, welcome to India Tariff News and Tracker. This week, the big focus is on the high-stakes trade negotiations between India and the United States, as the August 1 deadline set by President Trump for imposing a 26 percent reciprocal tariff on Indian exports rapidly approaches. According to India's Commerce Minister Piyush Goyal, talks with the US are making what he called “fast progress.” Even so, he declined to offer a concrete timeline for a final deal, leaving considerable uncertainty about whether India can avoid these hefty new tariffs before the deadline hits. Ministry sources say a US delegation is slated to arrive in New Delhi for continued negotiations in the second half of August, but that means the risk of the 26 percent tariffs taking effect remains very real for now, at least temporarily.

This proposed 26 percent tariff matters not just for Indian exporters, but also for US businesses that view India as a key alternative to China for their supply chains. According to the US-India Strategic Forum, if tariffs on Indian goods rise to 26 percent, US companies might simply look elsewhere, undermining India’s bid to attract new investment and create jobs. By contrast, a lower tariff — like the 15 percent baseline set for Europe and under discussion for some other partners — could help make India more competitive in global supply chains, especially at a time when Trump’s trade war with China continues to escalate, with a 34 percent tariff currently imposed on Chinese goods.

It’s not just generic goods at stake. Trump has also publicly floated the possibility of new tariffs on Indian pharmaceutical exports. Industry voices warn that targeting India’s large pharma sector would be a strategic mistake for both countries, given the broad reliance on Indian generics in the US healthcare market.

The ongoing negotiations are drawing lessons from recent episodes involving Japan. The Global Trade Research Initiative warns that India should insist on a jointly issued written statement for any agreement, after discrepancies emerged between Trump’s interpretation and Japan’s official documentation of their own deal. This is crucial to prevent any post-agreement misrepresentation or confusion about the terms.

Meanwhile, the US has already ramped up steel and aluminum tariffs to 50 percent as of June 2025, affecting a wide array of international exporters, including India. All these moves underscore the growing volatility in US trade policy and the urgent need for India to secure a stable agreement. As the August 1 deadline looms, the risk of tariffs sharply disrupting India-US trade—and broader supply chains—has never been higher.

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3 weeks ago
3 minutes

India Tariff News and Tracker
US-India Trade Tensions Escalate: 26% Tariff Looms as Bilateral Negotiations Stall and August 1 Deadline Approaches
Welcome to India Tariff News and Tracker, your go-to podcast for the very latest on tariffs, trade news, and policy shifts affecting India, with a special focus today on the United States and President Trump.

As of this week, listeners, tension is high as the interim 10% US tariff rate on Indian goods remains in effect, but that low duty is set to expire on August 1. Without a new bilateral deal, the US government has stated it will impose a much steeper 26% country-specific reciprocal tariff on all Indian exports, with only a handful of sector exceptions. According to Business Standard, this uncertainty has left Indian exporters scrambling to negotiate who eats the cost—many are urgently talking with US buyers about how to split the new tariff burden on goods already in transit and due to arrive in American ports after August 1. Exporters warn that a 26% tariff would be a devastating setback for India’s competitiveness.

The backdrop to these talks is President Trump’s assertive “Liberation Day” tariff policy, rolled out in April. The initiative instituted a flat 10% tariff on nearly all US imports, alongside new, much higher country-specific reciprocal rates for key trade partners with large deficits, including India. Trump’s administration has repeatedly argued these moves are to force fair trade and reduce the US trade deficit, but the headline result is a drastic spike in trade tension. Reports from Deutsche Bank Research cited by Wikipedia have put the US’s average tariff rate at its highest level since World War II.

Other trade deals finalized by the US in recent weeks are shaping expectations for India’s final rate. For example, Indonesia’s newly signed deal landed at 19%, down from an originally threatened 32% but required significant concessions, including dropping local content protections. Japan’s bilateral deal saw tariffs lowered from 25% to 15%. According to The Economic Times, business leaders fear that if India’s eventual deal is closer to the Japanese rate it would be a relief—but if it lands at the threatened 26%, industries from textiles to food processing could be hammered by costs and ongoing uncertainty.

Talks between US and Indian officials are continuing, but a sixth round is looming in New Delhi after earlier deadlines for agreement—first July 9, now August 1—have already come and gone without resolution, says The Economic Times. Treasury Secretary Scott Bessent has suggested “quality matters more than timing,” but he also acknowledged that reverting to tariff threats remains firmly in the US negotiating arsenal, making India’s path to tariff relief precarious.

In contrast, analysts point to India’s recent patient approach with the UK trade deal—hammered out after years of negotiation—as proof that collaborative, respectful bargaining yields more sustainable and less volatile agreements than threat-driven, deadline-heavy tactics.

For now, listeners, the clock is ticking: If the US-India deal falls through, Indian businesses could be hit by the new 26% tariff within days, tilting trade flows and potentially roiling global supply chains.

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3 weeks ago
3 minutes

India Tariff News and Tracker
US-India Trade Tensions Escalate: August 1 Tariff Deadline Looms, Negotiations Intensify for Bilateral Agreement
Listeners, welcome to “India Tariff News and Tracker.” Key developments are unfolding as the United States and India reach a pivotal moment in their ongoing trade negotiations. US Commerce Secretary Howard Lutnick announced that August 1 is a hard deadline for countries to start paying new tariffs to the United States, with no further extensions expected. Lutnick stated on CBS News that countries, including India, will begin paying the new rates starting August 1, although discussions can still continue beyond that date.

This deadline closely follows President Donald Trump’s continued push for what he calls “reciprocal tariffs,” a policy first announced on April 2. The tariffs, which include a 26% surcharge on Indian exports, as well as separate tariffs of 50% on steel and aluminium and 25% on autos, were initially delayed to allow the two nations more time for negotiations. As of now, that window is set to close on August 1, placing intense pressure on negotiators in both Washington and New Delhi. Indian officials are aggressively seeking the removal of the 26% tariff and relaxations on those additional Trump-era duties, while the US is seeking greater access for its industrial goods, electric vehicles, petrochemical products, agricultural products, and more.

Despite multiple rounds of high-level talks, a breakthrough remains elusive. Agriculture and dairy access are particularly contentious; India has long resisted duty concessions in these sectors, with powerful farmer groups warning against including genetically modified crops or wider agricultural access in any deal. On the US side, Commerce Secretary Lutnick reiterated that these tariffs are meant to secure fairer trade terms and protect American jobs, asserting that large economies must either open their markets or pay what he termed a “fair tariff.”

Indian exports targeted by the tariffs include textiles, leather goods, pharmaceuticals, and labor-intensive products. While an interim agreement may ease some sectors, trade experts from the Global Trade Research Initiative warn the proposed US deals often fall short of the World Trade Organization’s criteria for free trade agreements. In most cases, only the partner country—like India—lowers its tariffs, while the US only offers to roll back the most recent emergency tariffs, keeping most of its trade barriers in place.

If the two nations fail to reach even a temporary deal by August 1, Indian exporters face the possibility of a minimum 10% additional levy, even if the controversial 26% surcharge, which has been ruled unlawful by a US federal court but remains under appeal, is eventually withdrawn.

Negotiators are now working around the clock, with a US team set to visit New Delhi again in mid-August for further talks. Both sides still aim to secure a comprehensive bilateral trade agreement before the end of the year, potentially giving Indian exporters a crucial tariff advantage over regional rivals.

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4 weeks ago
3 minutes

India Tariff News and Tracker
US-India Trade Tensions Escalate: Tariff Threats Loom as Negotiations Intensify Over Agriculture and Auto Sectors
Listeners, significant shifts are unfolding in US-India trade as President Donald Trump’s administration pushes hard on new tariffs and trade deadlines. A high-stakes round of negotiations just concluded in Washington, aiming to secure an interim deal before August 1, when a tariff relief period expires. Without an agreement, Indian exports could be hit by tariffs as high as 26 percent, a move that would impact billions in trade value according to commerce ministry officials and coverage by Azernews and The Financial Express.

Central to these trade talks are agriculture and automobiles. The US is demanding greater agricultural access to Indian markets, particularly for genetically modified crops such as soya and corn. Indian farmer groups like the Indian Coordination Committee of Farmers Movements are strongly resisting, arguing that GM imports would devastate domestic agriculture and rural livelihoods. With elections looming in India, the government is cautious about provoking farmers and has so far declined to include agriculture in any immediate deal, as reported by The Financial Express.

Automobiles are another sticking point. The Trump administration has set a 25 percent tariff on passenger vehicles and certain auto components from India since May. India’s government says this threatens nearly three billion dollars’ worth of exports but the US insists the measure is justified under national security exemptions. India has challenged these tariffs at the World Trade Organization, but the US claims they cannot be challenged under WTO rules.

All of this unfolds against a larger backdrop of escalating tariff threats. President Trump has recently warned that member states of BRICS, including India, could face a blanket 10 percent tariff on exports to the US if the group continues to pursue alternatives to the US dollar. The Times of India and Hindustan Times report Trump’s tough rhetoric against BRICS and insistence on protecting dollar dominance. At the same time, trade data shows that despite a baseline 10 percent reciprocal tariff already in place, India’s exports to the US rose 22 percent from April to June, while imports grew by 12 percent, as reported by the Indian Panorama.

Yet none of the proposed new tariff rates for India have been formally finalized, even as the revised tariffs for other countries range between 25 and 40 percent. Trump’s administration has unilaterally hiked tariffs for 24 countries and even threatened rates up to 50 percent, particularly on Brazil. Meanwhile, Trump indicated in a recent Real America’s Voice interview, referenced by DD News, that he might impose a 10 to 15 percent tariff on smaller countries as a negotiation tactic to reduce the US trade deficit.

Amid these tariff threats and ongoing negotiations, India and the US aim to deepen their strategic economic partnership, with both sides hoping to reach not just an interim deal, but a comprehensive bilateral agreement by the end of the year.

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1 month ago
3 minutes

India Tariff News and Tracker
US India Trade Talks Reach Critical Stage Potential 10 to 15 Percent Tariff Deal Signals Breakthrough in Bilateral Relations
Welcome to India Tariff News and Tracker, your latest source for updates on the evolving trade landscape between the United States and India.

Listeners, the big story today is the rapidly unfolding US-India tariff negotiations, now in their final stretch before the critical August 1 deadline. The Trump administration had earlier proposed a hefty 27% reciprocal tariff on Indian goods under the so-called “Liberation Day” policy, sharply higher than the universal 10% tariff the US has already levied on most global imports. However, fresh reports from The New Indian Express and Business Standard confirm that both Washington and New Delhi are now moving toward a more modest tariff band in the range of 10–15%, putting India in a considerably better position than some of its regional competitors like Indonesia and Vietnam, where tariffs have landed at 19–20%.

This progress follows weeks of intense negotiations, with Indian officials urgently pushing for preferential treatment. As detailed by Business Today, India’s trade team, led by Special Secretary Rajesh Agrawal, is currently in Washington aiming to secure a deal that shelters Indian exports from the full brunt of the proposed reciprocal tariff. This is especially important since the US remains India’s single-largest export destination, accounting for over $86 billion in goods last fiscal year and a $40.8 billion trade surplus.

The scene is tense in export-dependent sectors such as electronics, auto parts, chemicals, and agriculture, where Indian businesses have delayed shipments and paused new orders while awaiting tariff clarity. According to analysis cited by Policy Circle, India’s government think tank NITI Aayog has been vocal about the need to fast-track a deal, warning that any delay could trigger the automatic 10% tariff on Indian exports, with the threat of hikes to 27% lingering overhead.

Preferential agreement could be the lifeline Indian exporters need, with Business Today noting optimism in Delhi that a preliminary pact may be announced before the deadline. If sealed, it would give Indian exporters better terms than many competitors. Meanwhile, watchers warn that negotiations remain delicate, with US lawmakers proposing even more punitive measures—like huge tariffs on countries importing Russian crude, a group that includes India. Nonetheless, the consensus in recent major business publications is that odds favor a deal with tariffs settling at no higher than 15–20%, and possibly as low as 10%, potentially sparing India major disruption.

Listeners should keep an eye on the final days of July for official announcements. Any breakthrough will significantly impact Indian business decisions and the broader South Asian trade landscape, given the scale of US-bound shipments.

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1 month ago
3 minutes

India Tariff News and Tracker
US India Trade Tensions Escalate: Trump Sets August 1 Deadline for Tariff Deal Modeled on Indonesia Agreement
Today on India Tariff News and Tracker, the world is watching closely as the United States and India navigate turbulent trade waters ahead of the August 1 deadline set by President Donald Trump. Negotiations between the two nations have intensified, with Trump publicly stating that a trade pact with India is being modeled on the deal the US just finalized with Indonesia. That agreement saw Indonesia facing a 19 percent US tariff rate on exports while opening its own market fully to American goods, with the US paying no tariffs on its exports into Indonesia, and additional commitments from Indonesia for significant US goods purchases, according to coverage from Business Standard and NDTV.

Trump has made clear this Indonesia template could be replicated with India. He said, “We're going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn't go in, and now we're getting access because of what we're doing with the tariffs.” The president emphasized that if a deal isn’t hammered out by August 1, unspecified "arbitrary tariffs" would be imposed, as reported by NDTV and Times of India.

India has yet to receive a formal tariff ultimatum letter, a move many interpret as a sign that negotiations are ongoing and perhaps nearing agreement. While Trump has threatened hefty tariffs—ranging from 10 percent on all BRICS countries, including India, to 50 percent on Brazilian goods, and even a punitive 100 percent tariff for nations still buying Russian oil (India being a leading purchaser)—the focus for India right now remains on averting high, one-sided tariffs and maintaining access to its largest export market. Politico notes that whatever deal is announced before the deadline is expected to be just the first phase, with a broader and more robust pact set for later in the year.

It’s important to note that earlier this year the US imposed a 27 percent reciprocal tariff on India, prompting India to offer tariff reductions on motorcycles and whiskey and to open segments of its market to US goods, as detailed in Wikipedia’s summary of 2025 tariff events. Indian negotiators are pushing for a more balanced arrangement, wary of exposing sensitive agricultural and dairy sectors to duty-free competition from the US.

According to analysis from Times of India and SBI Research, India is better positioned today to weather unfavorable deals by diversifying its export markets. However, Indian officials remain focused on sealing a deal that preserves access for its high-value exports and averts escalation in this rapidly shifting tariff climate.

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1 month ago
2 minutes

India Tariff News and Tracker
India and US Edge Closer to Interim Trade Deal with Potential Tariff Reductions Below 20 Percent by August Deadline
Welcome to India Tariff News and Tracker.

Listeners, the big story today is the ongoing negotiation between India and the United States over a crucial interim trade deal. According to The Bridge Chronicle and Financial Express, the US is expected to cap tariffs on Indian goods below 20 percent, a reduction from the earlier proposal of 26 percent. This puts India among a select group of countries with more favorable trade terms as President Donald Trump’s administration implements sweeping tariff hikes on many key partners, with some rates reaching as high as 50 percent. India, notably, has not received a formal tariff demand letter, underscoring the continued diplomatic engagement between the two sides.

A high-level delegation from India’s Commerce and Industry Ministry has landed in Washington, D.C. for a fresh round of talks that could finalize this interim agreement. Both sides are racing against an August 1 deadline set by President Trump, after which reciprocal tariffs could be triggered if a deal isn’t reached. Washington’s recent tariff notifications have hit over 20 countries, but as of now, India remains in active negotiation rather than conflict. The target for both India and the US is to raise bilateral trade volume to 500 billion dollars by 2030.

The big sticking points in these talks are agriculture and automobile sectors, with Indian negotiators having already outlined clear red lines on sensitive areas. The Economic Times and Global Trade Research Initiative caution that India should avoid rushing into an agreement that risks its core sectors, especially as other countries like the EU and Mexico face steep new duties.

In the background, President Trump has recently doubled tariffs on steel and aluminum imports, now at 50 percent, prompting speculation that India could retaliate in kind if negotiations fail to yield a fair deal.

Despite the uncertainty, analysts see opportunity for India. SBI Research and Economic Times report that India can benefit from the shifting tariff landscape, especially in chemicals, pharmaceuticals, and apparel, where higher tariffs on Chinese and Southeast Asian exports may allow India to gain valuable market share. If India secures a tariff rate lower than Singapore’s 25 percent, it could carve out a greater share of the US chemicals market adding as much as point two percent to India’s GDP, and apparel exports could see similar gains.

Listeners, these are pivotal days for India-US trade relations, with high stakes for businesses and consumers on both sides. As always, we’ll keep you updated on new developments as they break.

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1 month ago
2 minutes

India Tariff News and Tracker
US-India Trade Talks Reveal Potential Tariff Breakthrough as Trump Administration Considers Reduced Rates for Indian Goods
Listeners, welcome to India Tariff News and Tracker. Today is July 13th, 2025, and we’re here with the latest headlines and insights on tariffs and trade between the US and India, with a sharp focus on the Trump administration’s latest moves and what it all means for India’s economy and global trade.

The big story right now is the ongoing negotiations between India and the US over a potential interim trade deal that could see the US reduce proposed tariffs on Indian goods to below 20 percent. According to Bloomberg and reports echoed by The Star, this is a major shift from the initially floated 26 percent rate and comes at a time when the Trump administration is rolling out far steeper tariffs for many other countries. These discussions position India as one of the few nations in favorable talks with Washington while the White House surprised dozens of trading partners this week by announcing tariffs as high as 50 percent on certain goods ahead of an August 1 deadline.

India has acted swiftly to secure the best possible terms. Officials in New Delhi do not expect to receive a formal tariff demand letter like many other nations, which indicates a behind-the-scenes understanding may be close. Negotiators from India are set to visit Washington soon, with both sides still working out key sticking points, such as the US push for India to open its market to genetically modified crops—a proposal New Delhi has so far firmly rejected, citing risks to its farmers. Regulatory standards for agriculture and pharmaceuticals also remain unresolved, especially as the US recently announced a 50 percent tariff on copper and sectoral tariffs on pharmaceuticals, although the pharma tariffs have been deferred for at least a year.

Meanwhile, India’s trade talks are happening against a backdrop of heightened global protectionism. President Trump has described BRICS—a group that includes India—as “anti-American” and threatened additional tariffs on its members. He has openly warned of blanket tariffs in the 15 to 20 percent range for partners who haven’t received their rates yet, with the current global minimum levy at 10 percent. For Asian countries, recent tariffs range from 20 percent for Vietnam and the Philippines to a staggering 40 percent for Laos and Myanmar. On top of all this, Trump has signaled he could support a 500 percent tariff on nations importing Russian energy, a move that would force India to balance its strategic partnerships.

For Indian exporters, especially in metals and generics, the markets are watching closely. The US is India’s third-largest copper export market, and the pharmaceutical sector could face serious challenges if steep tariffs are implemented. Any decline in US demand for Indian copper might be absorbed domestically, but the pharma sector is more exposed, with the US accounting for 40 percent of India’s generic drug exports.

As these negotiations continue, Indian officials have made clear they will only sign a deal that is fully finalized and serves the national interest. The world is watching how this high-stakes chess game between Trump’s White House and New Delhi unfolds in the coming weeks.

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1 month ago
3 minutes

India Tariff News and Tracker
US India Trade Tensions Escalate as Trump Threatens Reciprocal Tariffs and Potential 10% BRICS Duty by August 2025
Welcome, listeners, to the latest episode of India Tariff News and Tracker.

Big developments are underway in India-US trade relations as President Donald Trump intensifies his global tariff campaign. On July 9, Trump sent out formal tariff warning letters to multiple countries, but notably, India was not among those targeted for immediate action. According to American Bazaar, Trump’s administration has taken a more measured approach toward India compared to other nations, such as Brazil, which received a steep 50% tariff on exports to the US. The White House emphasized that while tariffs loom, negotiation remains open, and tariff rates could be adjusted based on the willingness of countries to make trade concessions.

Meanwhile, Time reports that India faces the prospect of a 27% “reciprocal” tariff rate on its exports if a deal isn’t reached before the revised deadline of August 1, 2025. These reciprocal tariffs would be in addition to specific duties—such as a 25% tariff on cars and auto parts and a 50% duty on steel and aluminium imports—already in place for other nations. Trump has also warned of a blanket 10% additional tariff on BRICS countries, which directly includes India, accusing the bloc of undermining the US dollar. The president's July 6 statement left little room for exceptions and signaled his willingness to escalate further if he perceives anti-American economic alignment via BRICS.

Despite the rising pressure, India’s government is holding its ground. The Economic Times outlines that Indian and US negotiators are locked in tense discussions, especially around agricultural, dairy, and auto market access. Commerce Minister Piyush Goyal has reiterated that India will not agree to a trade deal under the pressure of a deadline, making it clear that protecting domestic farmers and dairy producers is a priority, even as the US pushes for more access for its products. India has also officially reserved the right to impose retaliatory duties against the US under WTO rules, after Washington hit Indian auto parts and steel with 25% tariffs.

While negotiations at the table continue in Washington, India is asserting itself at the WTO, challenging US trade actions and signaling a willingness to push back. According to the New Indian Express, Indian negotiators are scheduled for another visit to Washington in hopes of bridging key differences before the August deadline. If no deal is reached, sources say India may simply refuse to ink the agreement and instead accept the reciprocal US tariffs, underlining that the government’s strategy is to safeguard long-term national interests rather than yield to external pressure.

For Indian exporters, this is a critical window. According to India Briefing, despite the uncertainty, India’s merchandise exports to the US saw a strong 27% year-on-year growth in April 2025, as importers rushed to beat impending tariff hikes. The Confederation of Indian Textile Industry noted that textile and apparel exports to the US are up more than 13% so far this year, underscoring America’s role as India’s top export market—though sector leaders warn that continued uncertainty could soon impact order flows.

As we track these rapidly evolving negotiations and tariff actions, listeners should remain alert. The situation could shift by August 1, and both sides are under mounting political and economic pressure to reach an agreement.

Thanks for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for all the latest updates on US-India trade.

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1 month ago
3 minutes

India Tariff News and Tracker
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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