Particle.news
Download on the App Store
8 ARTICLES
·
3w ago

US Implements 27% Tariff on Indian Goods as Trade Talks Continue

India assesses the impact of US tariffs while exploring opportunities and negotiating a bilateral trade agreement to address imbalances.

Prime Minister Narendra Modi and US President Donald Trump at the White House, in Washington, DC.
India said Thursday it was 'examining the implications' of sweeping US tariffs
Image
India reacted cautiously to tariffs announced by US President Donald Trump, saying it was examing both the implications and opportunities of the new levies

Overview

  • The US has officially imposed a 27% reciprocal tariff on Indian goods, effective April 2, 2025, escalating trade tensions between the two nations.
  • India is carefully examining the implications of the new tariffs and consulting stakeholders, including industries and exporters, to gauge their impact.
  • While India's pharmaceutical sector, which exported over $8 billion to the US in 2024, is exempt from the tariffs, other sectors face significant challenges.
  • Bilateral trade negotiations are ongoing, with India proposing tariff reductions and focusing on deepening supply chain integration and technology transfers.
  • Both nations reaffirm their commitment to the Comprehensive Global Strategic Partnership, aiming to double bilateral trade to $500 billion by 2030.