• Latest
  • Trending
The US raises taxes on Indian goods, affecting trade and growth

The US raises taxes on Indian goods, affecting trade and growth

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Hiring declines in Indian IT as layoffs increase worldwide

Hiring declines in Indian IT as layoffs increase worldwide

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

xAI launches Grok Code Fast 1 to compete in AI coding

xAI launches Grok Code Fast 1 to compete in AI coding

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

New AI tool from OpenAI can write and fix code

New AI tool from OpenAI can write and fix code

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Nvidia hits $4 trillion as AI demand surges

Nvidia hits $4 trillion as AI demand surges

India’s top export destinations: how trade tells the story of global alliances

Data Story: India faces the highest US tariff in Asia

Friday, August 29, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

The US raises taxes on Indian goods, affecting trade and growth

in Economy
Reading Time: 2 mins read
0
The US raises taxes on Indian goods, affecting trade and growth
Share on FacebookShare on Twitter

Athira Sethu

Kochi , 5 August 2025

RelatedPosts

NLB Services report: Festive hiring in India up 25%, 2 Lakh jobs expected

Government to present gaming bill with strict penalties and RMG ban

Indian oil export shows strong growth despite global challenges

India is experiencing new trade issues with America in 2025. The average tariff (import tax) the US imposes on Indian products has increased sharply, reports Fitch Ratings. In 2024, this tariff was a paltry 2.4%. But now in 2025, it has risen to 20.7%.

This significant hike occurred after American President Donald Trump imposed a fresh 25% tariff on products originating from India. Besides, the US slapped a “penalty” for the fact that India continues to import oil from Russia. The US and the European Union have requested nations to avoid trade with Russia due to the conflict in Ukraine. However, India has decided to remain non-aligned and carry on with its energy exchange with Russia.

These fresh tariffs began in the third quarter of 2025 and are already impacting India’s trade, particularly with the US, India’s largest export partner.

Fitch also noted that the US now has an average tariff rate of 17% on products from most countries. India is among the worst hit, followed by Brazil, Taiwan, and Switzerland. Even EU goods have lower tariffs, around 15%, which indicates that India is being penalized more.

Economic Impact on India

These tariffs are taking a toll on India’s economy. Large financial institutions are reducing their growth estimates of the country.

Goldman Sachs has reduced its 2025 GDP growth estimate for India to 6.5%, and 2026 to 6.4%. They explained that trade uncertainty is a significant contributor to this reduced growth.

HDFC Bank explained that the recent tariffs may lower India’s growth by 0.20% to 0.25% per annum.

Related Posts

NLB Services report: Festive hiring in India up 25%, 2 Lakh jobs expected

NLB Services report: Festive hiring in India up 25%, 2 Lakh jobs expected

0

DBT Bureau Pune, 22 August 2025 India’s festive economy has traditionally been a major driver of consumer spending, and 2025...

Government to present gaming bill with strict penalties and RMG ban

Government to present gaming bill with strict penalties and RMG ban

1

Athira Sethu Kochi, 20 August 2025 The Indian government will introduce the Promotion and Regulation of Online Gaming Bill, 2025,...

Indian oil export shows strong growth despite global challenges

Indian oil export shows strong growth despite global challenges

0

Srotaswini Mohapatra Pune, 17 August 2025 India’s oil refiners have continued to shine in 2025, keeping exports strong even as...

PM Modi announces GST reforms and job scheme on Independence Day

PM Modi announces GST reforms and job scheme on Independence Day

0

Athira Sethu Kochi, 16 August 2025 On India's 79th Independence Day, Prime Minister Narendra Modi spoke to the nation from...

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model
Business

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

0

DBT Bureau Pune, 29 August 2025 O2 Telefónica Germany will launch its Large Telco Model (LTM) to strengthen the Service...

Read moreDetails
Fusion CX expands in India with new 350-seat delivery center in Bengaluru
Media Release

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

0

DBT Bureau Pune, 29 August 2025 Fusion CX, a global leader in customer experience (CX) and business process management, has...

Read moreDetails
Galaxy Tab S10 Lite: A value-packed tablet for everyday needs
Mobile

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

0

Immersive display: A 10.9-inch screen with Vision Booster and up to 600 nits peak brightness delivers vibrant viewing indoors and...

Read moreDetails
Hiring declines in Indian IT as layoffs increase worldwide
Tech

Hiring declines in Indian IT as layoffs increase worldwide

0

Athira Sethu Kochi, 29 August 2025 In 2025, numerous individuals across the globe have lost employment in the tech industry....

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?