The United States has announced a 26% discounted reciprocal tariff on India. The Commerce Ministry stated that it is analyzing the impact of the new tariff on India.
Apr 03, 2025
The United States has announced retaliatory tariffs on India. US President Donald Trump held a press conference at the White House, where officials showcased a ‘Reciprocal Tariff Chart’ outlining tariff rates for various countries.
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The board displayed a 26% reciprocal tariff on India, applied at a discounted rate. While the European Union and China are expected to respond with their own tariff measures, India has characterized this development as a “mixed bag but not a setback.” The Commerce Ministry stated that it is analyzing the impact of the 26% tariff, with the first 10% taking effect on April 5, 2025.
President Trump has declared April 2 as ‘Liberation Day’, as the administration imposes new tariffs and import duties aimed at reducing the US trade deficit and boosting domestic manufacturing.
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Meanwhile, India and the US continue to negotiate a bilateral trade agreement to enhance two-way commerce and investment.
