India closely monitors Trump tariffs while negotiating a $500B bilateral trade deal with the US.
Ministry of Commerce & Industry Press Communique posted on 13 April 2025 2:13 PM by PIB Delhi
The US President issued an Executive Order on Reciprocal Tariffs imposing additional ad-valorem duties ranging from 10% to 50% on imports from all trading partners. The baseline duty of 10% will be effective from April 05, 2025, and the remaining country-specific additional ad-valorem duty will be effective from April 09, 2025. The additional duty on India as per Annex I of the Executive Order is 27%
The Department of Commerce is carefully examining the implications of the various measures announced by the president of the USA Keeping in view the vision of Viksit Bharat, the Department is engaged with all stakeholders, including Indian industry and exporters, taking feedback of their assessment of the tariffs and assessing the situation The Department is also studying the opportunties that may arise due to this new development in the US trade policy
The Hon Prime Minister of India Shri Narender Modi and the Hon President USA Mr Donald Trump have announced on 13 feb 2025 Mission 500 –aiming to more than double the bilateral trade to US $500 Billion by 2030 Accordingly discussions are ongoing between Indian and US trade teams for the expeditions conclusion of a mutual intrest including deepening supply chain intergration The ongoing talks are focused on enabling both nations to grow issues and expect to take them forward in the coming days
India values its Comprehensive Global Strategic Partnership with the United States and is committed to working closely with the US to implement the India-US Catalysing Opportunties for Military Partnership Accelerated Commerce & Technology ( COMPACT ) for the 21st century to ensure that our trade ties remain a pillar of mutual prosperity and drive transformative change for the benefit of the people of India and the US
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