Saturday, August 30, 2025
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HomeJammu & KashmirIndia braces for export hit as steep new US tariffs loom

India braces for export hit as steep new US tariffs loom

The U.S. will impose an additional 25% tariff on Indian-origin goods starting this Wednesday (August 27, 2025), potentially raising total duties to 50%—one of the highest levels the U.S. has ever imposed on any country.

Exporters across textiles, food, leather, marine products, gems, jewelry, and more expect a 20–30% decline in U.S.-bound exports. Best News

Analysts estimate the tariffs could shave off around 0.8 percentage points from India’s economic growth in both 2025 and 2026.

The Indian rupee weakened and stock markets were pressured following the announcement. Best News

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