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India Tariff News and Tracker

India Tariff News and Tracker

著者： Quiet. Please
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 This is your India Tariff Tracker podcast.

India Tariff Tracker is your go-to daily podcast for the latest news and updates on tariffs affecting India, particularly those imposed by the United States. Dive deep into insightful analyses, expert opinions, and comprehensive reports that unravel the complexities of international trade and its impact on India. Stay informed with real-time information and understand how tariff changes shape India's economy and global relations. Perfect for business leaders, policymakers, and anyone keen to understand the dynamic trade landscape, India Tariff Tracker is your essential guide to navigating tariff developments.

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  • India Offers Zero Tariffs on 60 Percent of Goods in Historic Trade Deal Proposal to Trump Administration

    India Offers Zero Tariffs on 60 Percent of Goods in Historic Trade Deal Proposal to Trump Administration
    2025/05/15
    Welcome to India Tariff News and Tracker, where we bring listeners up to speed on the latest headlines and developments in US-India trade relations and tariffs as of May 15, 2025.

    India has surged into the global trade spotlight after US President Donald Trump’s administration rolled out an aggressive new wave of tariffs targeting dozens of countries, including India. On April 2, Trump labeled the day “Liberation Day” for US trade policy, announcing a sweeping set of reciprocal tariffs. From April 5, a baseline 10 percent tariff on all imports took effect, but specific rates have gone much higher for some nations. For India, the new US tariff rate was set at a significant 26 percent, directly targeting major Indian exports spanning seafood, industrial metals like steel, and more. India Briefing reports that this move is part of a broader policy to recoup what Trump described as decades of unfair trade treatment by foreign nations.

    Driving this shift is longstanding criticism from Trump about India’s high tariffs, which the US Trade Representative’s 2025 National Trade Estimate Report describes as the highest among major economies. In 2023, India’s most favored nation applied tariff rate averaged 17 percent, with agricultural goods attracting a striking 39 percent tariff and non-agricultural goods at 13.5 percent. Specific Indian goods like vegetable oils, apples, corn, motorcycles, automobiles, and alcoholic beverages face some of the steepest barriers. Trump has argued that while American motorcycles face tariffs as high as 100 percent in India, the US imposes only 2.4 percent on Indian motorcycles.

    But in a surprising twist, negotiations have recently made headway. At a business gathering in Qatar this week, President Trump revealed that India has offered what he described as a historic trade deal. According to Trump and Reuters, India has proposed to bring tariffs on 60 percent of tariff lines down to zero in the first phase of a new trade agreement, essentially offering no tariffs on a broad array of American products. In return, India is seeking a full exemption from both existing and potential future US tariff hikes, a concession not even granted to the United Kingdom in recent US agreements.

    This proposal comes as the US temporarily suspended extra tariffs on Indian exports for a 90-day period, effective until July 9, a goodwill measure to bolster ongoing negotiations. India is also reportedly offering preferential access to nearly 90 percent of goods imported from the US. Critics note that while Trump’s team touts the reciprocal nature of these tariffs, some of the figures presented by the administration include harder-to-quantify factors such as currency manipulation and non-tariff barriers, which can inflate the effective tariff rate reported in public statements.

    With the 26 percent US tariff on Indian goods active unless a deal is struck and India offering zero tariffs on much of American trade, all eyes are on Washington and New Delhi. Any breakthrough could redefine the economic ties between the two nations, impacting everything from high-tech manufacturing to the price on everyday goods.

    Thanks for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

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  • US Considers Trade Boost with India as Reciprocal Tariffs Loom, Bilateral Agreement Negotiations Gain Momentum

    US Considers Trade Boost with India as Reciprocal Tariffs Loom, Bilateral Agreement Negotiations Gain Momentum
    2025/05/11
    Welcome to India Tariff News and Tracker. In today's update, we have significant developments regarding US-India trade relations.

    President Donald Trump announced late yesterday that he plans to "increase trade substantially" with India and Pakistan following their recent ceasefire agreement. This statement comes amid ongoing tensions between the two South Asian nations, though both sides have accused each other of violating the truce since it was announced.

    The announcement represents a potential shift in the tariff landscape that has been evolving since April. Currently, India faces a planned 27% reciprocal tariff from the United States, which was initially scheduled to take effect on April 9th but has been delayed until July 9th, 2025. This is part of Trump's broader tariff strategy announced on what he called "Liberation Day" (April 2nd).

    The US administration has placed most country-specific reciprocal tariffs on pause, implementing instead a flat 10% tariff on imports from all countries (with China and Hong Kong being notable exceptions at 125%). However, India remains on the list for the delayed 27% rate coming in July.

    Trade relations between the two countries have been strained due to significant imbalances. India maintains one of the highest average applied tariff rates among major economies at 17%, compared to the US rate of just 3.3%. For agricultural products, the gap is even wider with India at 39% versus the US at 5%.

    The Office of the US Trade Representative highlighted these disparities in its annual National Trade Estimate Report released on March 31st. Despite these challenges, experts note that the impact on India's exports may be limited since only 18% of India's total exports go to the US, with automobiles and electronics—sectors most affected by the tariffs—comprising a relatively small portion of that trade.

    Pharmaceuticals, which represent 10% of India's exports to the US, remain exempt from the new tariffs, providing some cushion for bilateral trade. The US and India have also established Terms of Reference for a potential bilateral trade agreement, which could address these imbalances in the future.

    Thank you for tuning in to India Tariff News and Tracker. Make sure to subscribe for regular updates on this evolving situation. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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  • Trump Imposes 26 Percent Tariff on Indian Exports Targeting Trade Deficit and Aiming to Protect US Manufacturing Interests

    Trump Imposes 26 Percent Tariff on Indian Exports Targeting Trade Deficit and Aiming to Protect US Manufacturing Interests
    2025/05/08
    Welcome to India Tariff News and Tracker. In today’s update, listeners, we’re focusing on the latest developments in U.S.-India trade relations, tariff changes, and how the Trump administration’s recent decisions are reverberating through Indian business and global markets.

    On April 2, 2025, President Donald J. Trump announced sweeping tariff hikes targeting countries with which the U.S. has significant trade deficits. As part of his push for “reciprocal tariffs,” India was singled out, with a new 26 percent tariff imposed on Indian exports to the U.S., according to India Briefing. The administration justified these tariffs as a response to what it described as longstanding “unfair trade practices,” aiming to level the playing field for American manufacturers and exporters.

    In practice, the new policy works in two phases. While a flat 10 percent tariff now applies to imports from all countries, including India, certain countries with prominent trade imbalances—India among them—face even higher, individualized tariff rates. This 26 percent rate went into effect on April 5, 2025, and is especially impactful for major Indian export sectors, such as automobiles, auto parts, steel, and aluminum. Notably, Indian pharmaceuticals and semiconductors have been exempted from these duties, offering some relief for those industries, as reported by ClearTax.

    Despite these headline-grabbing measures, the majority of Indian exports to the U.S. might not experience severe disruption. ClearTax breaks down the numbers: U.S.-bound exports account for about 18 percent of all Indian exports. Automobiles and electronics, the most affected categories, represent roughly 16 percent of that figure, or just over $12 billion. While 10 to 40 percent of auto and electronics shipments could be hit hardest, this translates to only about 0.2 to 0.3 percent of India’s total GDP, according to some estimates.

    Some Indian sectors may even benefit. Textiles, for example, could gain an edge if the U.S. imports less from other affected countries due to wider tariff increases. Meanwhile, the U.S. Trade Representative’s March 2025 report continues to spotlight India’s own tariff rates—averaging 17 percent, with non-agricultural goods at 13.5 percent and agricultural goods at a steep 39 percent—demonstrating the ongoing friction over market access in both directions.

    Listeners, these developments mark a dramatic escalation in U.S.-India trade relations and set the stage for ongoing negotiation or potential retaliation. We’ll continue to track the consequences for Indian industry and global commerce as the situation unfolds.

    Thank you for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for regular updates. This has been a Quiet Please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
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