India’s 70% Goods Export Exposed To Trump Tariffs
New Delhi: According to an analysis of ICRier, approximately 70 percent of India’s export of goods to the United States is equivalent to USD 60.85 billion, exposed to 50 percent tariff implemented by the US administration. This represents only 1.56 percent of GDP and 7.38 percent of total exports, and USD $ 3.9 trillion is far from a disaster for the economy.
Ashok Gulati, Sulakshana Rao and Tanay Sundwal ‘Trump’s Tariff Blow’ Council by the Council of International Economic Relations Research Council, the impact of textiles and clothes, automatic pieces and jewels in the laboatur intensively intensive and high -valuable sectors argued.
“These sectors not only anchor their exports to the United States, but also directly affected employment production and livelihoods of millions of workers and farmers.” In the report, the textile and clothing industry, Bangladesh, Pakistan and Vietnam compared to competitors more than 30 percent of points faced with a tariff disadvantage and threaten the competitive position in the key export market, he said. Exports of jewelry and jewelry worth US $ 11.9 billion face similar difficulties against suppliers such as Türkiye, Vietnam and Thailand. The automobile parts, which make up 3 percent of India’s exports to the United States, are also vulnerable. In agriculture, shrimp exports, in addition to competitors such as Ecuador, Indonesia and Vietnam, in addition to the existing anti-excursions, this will be shot in the worst way that the provision can be achieved, which can be achieved, which can be achieved, which can be achieved. It gives us the bargaining power to the importers and weakens India’s negotiation position, “they reinforced.
“First, smart negotiations with logic and rationality. Second, announces instant and targeted aid support to the hard hit sectors and diversify our export markets as high priority,” he summarized their suggestions. “The success of our leaders will enable short -term disruptions to lead to long -term earnings, and strengthen the position of India as a reliable and indispensable player in the global economy.”
Initially, US President Donald Trump announced a 25 percent tariff on Indian goods, even if there are hopes of a temporary India-US trade agreement to help prevent high tariffs. A few days later, he applied 25 percent more tariffs with 50 percent of India’s Russian oil imports.
Unlike India, competitors such as Vietnam (20 percent), Bangladesh (18 percent), Indonesia, Malaysia and Philippines (19 percent) and Japan and South Korea (15 percent) enjoy lower rates than reports. The new US tariff regime is except pharmaceutical products, critical minerals and Semicons. In the last few months, India and the US are negotiating for a temporary trade agreement. Nevertheless, there are reservations from India to the US demand to open the agricultural and milk sectors.
Agriculture and dairy products are critical for India, because these two sectors offer livelihood opportunities for most people. India and the United States have launched negotiations for Adil, balanced and mutually beneficial bilateral trade agreement (BTA), which aims to complete the first stage of the agreement until October-November 2025 in March this year. Since his second term, President Trump reiterated his attitude towards reciprocity and stressed that his administration would match the tariffs he brought about “fair trade”, including India.
On April 2, 2025, President Trump signed an executive order for mutual tariffs for various trade partners and applied various tariffs between 10-50 percent. Later, while holding tariffs for 90 days, it provided time and space to make trade agreements by applying a 10 percent start tariff. The deadline would end on July 9, and the US administration then pushed it to August 1st. He confronted the tariffs, Parliament and Industry Minister Piyush Goyal made a statement in both houses, the government has examined the tariff effect and that Russian oil was made and that it would protect national interests. It is clear that India’s imports are designed to provide predictable and affordable energy costs for Indian consumers. Mea said India’s targeting was “unfair and unreasonable.” “Like any great economy, India will take all necessary measures to maintain its national interests and economic security.”
