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Originally published by Capital Businessbusiness
October 16, 2025
5h ago
India’s exports to US plunge as Trump’s 50% tariffs kick in
OCT 16 - India's goods exports to the US, its largest foreign market, dropped sharply by 20% in September and nearly 40% in the last four months, as Kenya breaking news | Kenya news today |..
✨ Key Highlights
India's goods exports to the US, its largest foreign market, have significantly dropped by 20% in September and nearly 40% over the last four months due to new US tariffs. These tariffs, including a 25% penalty for India's continued purchase of Russian oil, began in full force in September.
- September marked the first full month of Washington's 50% tariffs on Indian goods, which commenced on August 27.
- According to Ajay Srivastava of Global Trade Research Initiative (GTRI), the US has become India's most severely affected market since the tariff escalation.
- Labour-heavy sectors like textiles, gems and jewellery, engineering goods, and chemicals have experienced the heaviest losses, contributing to India's trade deficit widening to a 13-month high of $32.15 billion in September.
- Trade negotiations between India and the US are under way, with President Trump stating that Indian Prime Minister Narendra Modi has agreed to cease buying Russian oil.
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