LeadStory

How is India affected by tariffs?

Asked 6 hours ago

Answer

India faces steep U.S. tariffs up to 50%, severely impacting exports, especially in textiles, leather, gems, jewelry, and automobiles. Many factories have halted operations, job losses are expected, and economic growth could slow. Pharmaceuticals and electronics are exempt. The government is seeking alternative markets and providing support to affected sectors.

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CBS News

Trump's tariffs on India: Industries expected to be hit hardest

CBS News · Just In
CBS News
CBS News
Just In
  • President Trump has enacted a 50% tariff on Indian goods, citing India's purchase of Russian oil.
  • The tariffs are expected to impact over $48 billion worth of Indian exports, particularly in textiles, plastics, engineering goods, gems, jewelry, leather, food, and automobiles. 21s
  • Pharmaceuticals and technology-related electronics are exempted from the tariffs due to their strategic importance. 1m 0s
  • Indian officials have criticized the tariffs and stated they will not bow to pressure, with trade talks between the U.S. and India now strained. 2m 6s
  • India may turn to China to mitigate the effects of the tariffs, highlighting broader geopolitical tensions. 2m 41s
Foreign AffairsBusinessEconomy

References

Trump's tariffs on India: Industries expected to be hit hardest
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CBS News
7 hours ago
Trump's tariffs on India: Industries expected to be hit hardest

Textiles, plastics, engineering goods, gems, jewelry, leather, food, and automobiles are hit hardest; pharmaceuticals and technology-related electronics are exempt.

Indian exporters brace for impact as steep U.S. tariffs hit
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Reuters
17 hours ago
Indian exporters brace for impact as steep U.S. tariffs hit

India faces levies up to 50% on exports to the U.S., causing immediate disruptions and factory shutdowns.

Indian exporters brace for impact as steep U.S. tariffs hit
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Reuters
17 hours ago
Indian exporters brace for impact as steep U.S. tariffs hit

Tariffs could hit nearly 55% of India's merchandise shipments to the U.S., benefiting rivals like China, Bangladesh, and Vietnam.

Indian exporters brace for impact as steep U.S. tariffs hit
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Reuters
17 hours ago
Indian exporters brace for impact as steep U.S. tariffs hit

The trade war could reduce India's growth rate by almost one percentage point this year and next.

U.S. raises India tariffs to 50 percent over Russian oil purchases
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Al Jazeera
18 hours ago
U.S. raises India tariffs to 50 percent over Russian oil purchases

Small and medium-sized companies employing many low-wage workers are hardest hit; electronics and pharmaceutical exports are exempt.

India braces for export shock as 50% U.S. tariff takes effect
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Euronews
23 hours ago
India braces for export shock as 50% U.S. tariff takes effect

Officials warn the new duties could make shipments to the U.S. commercially unviable, triggering job losses and slower economic growth.

India braces for export shock as 50% U.S. tariff takes effect
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Euronews
23 hours ago
India braces for export shock as 50% U.S. tariff takes effect

Labor-intensive sectors such as textiles, gems, jewelry, leather goods, food, and automobiles will likely be most impacted.

India's textile industry threatened by new U.S. tariffs
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DW News
2 days ago
India's textile industry threatened by new U.S. tariffs

The threat of a 50% tariff on textiles has led to suspended export orders and concerns about layoffs and downsizing.

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