US tariff on India revised from 26% to 27% first, then back to 26%

Trump administration changing its reciprocal tariffs on India

Us President Donald Trump

Washington (USA) – The Trump administration of the US has imposed a reciprocal tariff on India, first at 26%, revised to 27%, and now again at 26%. This tariff will be
implemented from April 9th .

1. While announcing the imposition of reciprocal tariffs against various countries, US President Donald Trump showed a sign, which mentioned the imposition of 26% tariff on India. This sign had the names of several countries, and the percentage of tariff levied on them. At this time, Trump had said that India imposes 52%tariff on goods imported from the United States; but the United States will impose a tariff on India at a discounted rate of 26%.

2. However, official documents circulated by the Trump administration had mentioned a 27% tariff on India. However, according to the latest reports, it stands at 26%.

3. According to the experts, a 1% difference in tariffs will not make any significant difference to business.

US share in India’s total exports is 18%

The United States is India’s largest trading partner from 2021-22 to 2023-24, accounting for an estimated 18% of India’s total exports, 6.22% of imports, and 10.73% of bilateral trade.

Which goods does India export the most to the US?

India’s major exports to the US in 2024 included pharmaceuticals, telecommunications equipment, precious and semi-precious stones, petroleum products, gold and other precious metal jewelry, ready-made cotton garments, and iron products.