US EditionIndia Examining 25% US Tariff Impact, Will Act to 'Protect' National Interest: Piyush Goyal
INDIA, JUL 30 – The United States cited India's high tariffs and strict trade barriers when imposing a 25% tariff on imports, aiming to address a significant trade imbalance, officials said.
- On August 1, 2025, United States President Donald Trump imposed a 25 per cent tariff and a penalty for India’s energy and defense ties with Russia.
- Given India’s tariff regime and trade deficit, India imported around $42 billion of American goods in 2024, nearly half from just a few categories.
- Amid sector strains, smartphone exports face pressure as India accounts for 44% of US iPhone imports, according to Tarun Pathak.
- Immediately, Indian exporters and US importers face uncertainty as lack of clarity on the 'Russia penalty' cited by Trump hampers cost calculations and supply chain planning.
- Lessons from past tariff spikes show the 1930 Smoot-Hawley Tariff Act caused a 61% drop in US exports, deepening the Great Depression and risking shifts in Indo-U.S. ties.
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If India responds to Trump's tariffs in kind: What US sells to India
Trump has sparked a fresh trade row by calling India’s economy “dead” and accusing it of unfair trade practices, just a day after slapping 25% tariffs on Indian imports. His comments target India’s ties with Russia and its high trade barriers, but the move could backfire by jeopardizing billions in US exports to a fast-growing Indian market.
·Mumbai, India
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Coverage Details
Total News Sources14
Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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