DBT Bureau
Bengaluru, 15 February 2025
The Trump administration has announced reciprocal tariffs on those countries, which impose higher tariffs on its goods. The move is seen as an attempt to correct the huge trade gap that the US is witnessing over the years.
Here is a snapshot of the US’ trade gap with various countries in 2024.
(Source: U.S. Census & Bureau of Economic Analysis)
2- Here is a snapshot of Indian exports to the US in 2023.
Indian Exports to US in 2023
(Source: Dept of Commerce, Govt of India.)
