ET Graphics: As Trump slaps 25% tariff & penalty, a look into how Indian exports to US have risen over the years

On Wednesday, US President Donald Trump announced a 25% tariff in Indian goods and a “punishment olmadan about New Delhi’s Russian weapons and energy purchases. India was one of the first few major economies that included Washington in a broader trade talks in February, but six months later, Trump’s comprehensive demands and India’s reluctance to completely open the agricultural and milk sectors prevented the new Delhi from signing an agreement. New tariffs can make the target of doubling India’s bilateral trade with the United States to $ 500 billion by 2030. The United States is the most important export market for India, which constitutes approximately 20% of the total exports of goods in the country in 25 financial years.

Here is a view of how Indian exports to the US have increased over the years …