Have Trump tariffs changed India’s exports to the US?
- US still accounted for about 20% of India’s exports in the 12 months to July, despite a full year of Trump tariffs.
- US tariffs on Indian goods had reached 50% before falling to 18% in February; the current tariff rate is now 10% on goods.
- India accelerated trade diversification, signing deals with the UK, EU, Oman and New Zealand during the past year alone.
- Exports to China rose 42% to $21.5 billion, while shipments to the US reached $88.5 billion over the same 12 months.
Source: business-standard.com
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