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Fear, Frustration and Fragile Relief: India’s Exporters Ride the US Tariff Rollercoaster

After almost a year of fear, policy uncertainty and lost orders, India’s exporters tell CNA the latest US tariff cut offers relief - but not clarity.

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It's been a hectic start to the year for Indian President Narendra Modi. Modi, in his 12th year in power in the world's most populous country, signed a free trade agreement with the European Union on January 27. A week later, US President Donald Trump announced that he had agreed with India to reduce tariffs....

Tariff reduction in exchange for New Delhi stopping purchases of Russian oil: India announced signing of trade agreement with the US in MarchIndia and the US plan to sign a trade agreement in March, after which New Delhi will reduce tariffs on American goods. India will buy $500 billion of American goods, including Boeing aircraft.

·Kyiv, Ukraine
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The tariff reductions provided for in the new US-India trade agreement reduce the import costs of solar modules and energy storage components. Reciprocal tariffs were effectively reduced from 50% to 18%. The US and India have recently reached a strategic turning point in their trade relations. On February 3, 2026, both countries reached an agreement to reduce reciprocal tariffs on Indian products, including solar modules and energy storage compo…

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Ecns broke the news in China on Wednesday, February 4, 2026.
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