New Delhi, April 7 -- A recent analysis by the Global Trade Research Initiative (GTRI) suggests India's merchandise exports to the United States could decline by USD 5.76 billion or 6.41 percent in 2025 due to increased American duties.
The US has implemented additional 26 percent tariffs on Indian goods starting April 9, with 10 percent baseline tariffs effective from April 5-8, exempting pharmaceuticals, semiconductors, and certain energy products.
Several key Indian export sectors are expected to experience significant reductions. Fish and crustaceans may see a 20.2 percent decrease, iron or steel articles could drop by 18 percent, and diamond and gold product exports might fall by 15.3 percent.
Vehicle and parts exports are project...
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