The US, who is angry with the friendship between India and Russia, has finally taken a big step. The US has announced 25% tariff on India on Wednesday. President Donald Trump has made this announcement before the deadline for tariff concession ending on 1 August. Trump described India as a “friend” of America on his social media site Truth Social, but due to buying military equipment and oil from Russia, he imposed 25% tariff on India and also threatened to impose a fine.
America’s tariff has increased India’s anxiety, because America is the most imported country from India. According to US government data, in 2024, the total trade between the US and India was $ 129.2 billion. During this time the US exported $ 41.8 billion to India, while India exported $ 87.4 billion to the US. Due to the tariff, all the things to be exported from India will become expensive in America, which will directly affect exports. Let us know which goods of India exports and how big its market is.
What things do India export to America?
India sells drugs worth about Rs 68,520 crore to the US, gems worth Rs 72,800 crore and petrochemicals, textiles and auto sector products worth Rs 34,260 crore. At present, the US imposes a tariff of about 3% on all these products, but due to increasing tariffs, these things will definitely become expensive in America, which will directly affect exports.
India’s role in gems and jewelry
India is one of the major countries of the world in the export of gems and jewelry. India sends about $ 33 billion gems and jewels abroad every year, out of which 30% i.e. $ 9.9 billion is exported to America only. These include chopped and polished diamonds, gold ornaments and diamond roots.
Drug exports may affect
India supplies 47% of the generic drugs sold in America. These medicines play an important role in the healthcare system of America. According to reports, these drugs of India are available at low prices, so their demand is very high in America.
Auto sector is also affected
Large companies exporting from India to America like JLR vehicles will also affect the tariff. Apart from this, fees may also be applied to essential auto parts like engine, transmission and powertrain.
Challenge to textile industry
In 2024, India exported $ 9.6 billion clothes and clothes to the US. It is 28% of India’s total textile exports. But now with the counter -tariffs of America, India can face strict competition from countries like Bangladesh and Vietnam.