New Delhi, April 7 -- India's merchandise exports to the US in 2025 may decline by $5.76 billion, or 6.41%, following the imposition of higher tariffs by the Trump administration, the Global Trade Research Initiative (GTRI) said in a report, with gems and jewellery, marine products, electronics, and auto parts bearing the brunt.

The GTRI analysis, based on 2024 trade data, maps the exposure of Indian goods under the revised US tariff regime, while also factoring in the competitiveness of other exporters such as China, Mexico and Canada. Of $89.81 billion worth of goods shipped from India to the US last year, almost 75%-valued at $67.2 billion-will now be subject to a 26% duty, replacing the much lower most-favoured nation (MFN) tariffs....