US EditionSeven Days, High Stakes: Can India Secure a Trade Deal Before Trump’s 7 August Tariff Breather Ends?
INDIA, JUL 31 – The U.S. aims to address its trade deficit and India's Russian imports with a 25% tariff plus penalty, while India prioritizes protecting sensitive sectors and cautious negotiations.
- On Wednesday, US President Donald Trump announced a 25% tariff plus a penalty on India, effective August 1, 2025.
- India had assumed Washington DC would maintain a tariff differential of 10-20%, but those assumptions eroded after Trump announced a 25% tariff and an unspecified penalty.
- Bilateral trade data show the US imported $87.4 billion from India in 2024, and India had a trade surplus of about USD 44.4 billion, with the US accounting for about 18 percent of exports.
- An official said 'No deal is better than a bad deal' as India's Commerce and Industry Ministry emphasized protecting farmers, small businesses, and MSMEs.
- With timelines disrupted, India’s negotiators maintain October as the outer deadline for a deal, despite unlikely progress before September.
23 Articles
23 Articles
Trump's Latest 25% Tariff Will Be Applicable on All Sectors, Products from India, Including Pharma and Electronics: GTRI
Get latest articles and stories on Business at LatestLY. The executive order signed by President Donald Trump on Thursday has imposed flat 25 per cent tariff on all goods from India, with no product-level exemptions, according to a report by the Global Trade Research Initiative (GTRI). Business News | Trump's Latest 25% Tariff Will Be Applicable on All Sectors, Products from India, Including Pharma and Electronics: GTRI.
Seven days, high stakes: Can India secure a trade deal before Trump’s 7 August tariff breather ends?
As the 7 August tariff deadline looms, India faces a potential 25% tariff on $87 billion in exports to the US. With crucial trade negotiations underway, can India navigate this high-stakes situation and secure a favorable trade deal before time runs out?
Explainer: How will Trump's tariff affect Indian economy
New Delhi: US President Donald Trump on Wednesday announced the imposition of a 25 percent additional import duty plus penalty on goods imported from India. The duty will come into effect from August 1. The unspecified penalty was imposed on India for purchasing crude oil and military equipment from Russia. The announcement came as a surprise, as the two countries are negotiating a trade agreement. Here is a list of Q&A (questions and answers) t…
Trump’s ‘25% tariff plus penalty’ upset India’s calculations, but rushing into a ‘bad deal’ not an option, say officials
Trump's tariff hike on Indian goods threatens key trade assumptions. India faces a potential 25% tariff plus penalties on Russian imports, impacting farmers & MSMEs. Can India navigate these trade tensions and secure an equitable deal, or will it wait it out? What about India’s edge over China?
Coverage Details
Bias Distribution
- 43% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
