US Tariff Hike India 2025: Hours after US President Donald Trump slapped 27 per cent reciprocal tariffs on India, the Centre stated that it’s fastidiously analyzing the implications of the levies and was engaged with all stakeholders, together with home trade and exporters to hunt their suggestions on the problem.
The commerce ministry, in an official assertion stated on Thursday, added that it is usually finding out the alternatives that will come up as a consequence of this new growth within the US commerce coverage.
Trump on Wednesday introduced a 27 per cent reciprocal tariff on India, decrease than the 34 per cent imposed on China and 46 per cent on Vietnam, each of that are among the many prime exporters to the US and key rivals within the American market.
Tariffs on India have been additionally decrease than these on a number of Asian friends, together with 36 per cent on Thailand and 32 per cent on Indonesia — international locations which have obtained important funding from China and are more and more integrating with the Chinese language provide chain.
“The Division of Commerce is fastidiously analyzing the implications of the varied measures/ bulletins made by the President of the USA,” the assertion learn. It additionally stated that discussions are ongoing between Indian and US commerce groups for the expeditious conclusion of a mutually helpful, multi-sectoral Bilateral Commerce Settlement (BTA).
“We stay in contact with the Trump Administration on these points and anticipate to take them ahead within the coming days,” the assertion additional knowledgeable. It added that India values its Complete World Strategic Partnership with the US and is dedicated to working carefully with the US for the good thing about the folks of each the international locations.
The USTR report on commerce limitations had criticised India’s excessive utilized tariffs on a variety of products, together with vegetable oils, apples, maize, bikes, vehicles, flowers, pure rubber, espresso, raisins, walnuts, and alcoholic drinks. It famous that the hole between India’s WTO-bound and utilized tariff charges permits the federal government to regulate tariffs unpredictably, creating uncertainty for US stakeholders.
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“The Indian authorities has leveraged this flexibility, growing tariffs on roughly 70 product classes within the 2019/2020 price range and on 31 classes in 2020/2021, together with key US exports,” the report stated.
(With inputs from PTI)
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