India’s exports to US dip after Trump tariff: GTRI

India’s exports to America have plunged after the US President Donald Trump’s 50% tariffs, with the pain unevenly spread, according to a Global Trade and Research Initiative (GTRI) analysis. Incidentally, the decline has been across the board, and categories such as smartphones, which are tariff-exempt, have also seen a decline. India’s export engine to its largest market, the United States, is sputtering under the weight of tariff shocks.  During the period from May to August 2025, goods exports to the US decreased substantially by 22.2%, declining from $8.8 billion to $6.9 billion. The decline has been continuous, corresponding with the US government’s progressive increase in import duties - initially at 10% until early August, rising to 25% from August 7, and subsequently reaching 50% towards the month’s end. India paid 10% tariffs until August 6, 25% until August 27, and 50% only after August 28, as per a report.

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