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India Tariff News and Tracker

India Tariff News and Tracker

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 This is your India Tariff Tracker podcast.

India Tariff Tracker is your go-to daily podcast for the latest news and updates on tariffs affecting India, particularly those imposed by the United States. Dive deep into insightful analyses, expert opinions, and comprehensive reports that unravel the complexities of international trade and its impact on India. Stay informed with real-time information and understand how tariff changes shape India's economy and global relations. Perfect for business leaders, policymakers, and anyone keen to understand the dynamic trade landscape, India Tariff Tracker is your essential guide to navigating tariff developments.

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  • US-India Trade Tensions Escalate: August 1 Tariff Deadline Looms, Negotiations Intensify for Bilateral Agreement

    US-India Trade Tensions Escalate: August 1 Tariff Deadline Looms, Negotiations Intensify for Bilateral Agreement
    2025/07/21
    Listeners, welcome to “India Tariff News and Tracker.” Key developments are unfolding as the United States and India reach a pivotal moment in their ongoing trade negotiations. US Commerce Secretary Howard Lutnick announced that August 1 is a hard deadline for countries to start paying new tariffs to the United States, with no further extensions expected. Lutnick stated on CBS News that countries, including India, will begin paying the new rates starting August 1, although discussions can still continue beyond that date.

    This deadline closely follows President Donald Trump’s continued push for what he calls “reciprocal tariffs,” a policy first announced on April 2. The tariffs, which include a 26% surcharge on Indian exports, as well as separate tariffs of 50% on steel and aluminium and 25% on autos, were initially delayed to allow the two nations more time for negotiations. As of now, that window is set to close on August 1, placing intense pressure on negotiators in both Washington and New Delhi. Indian officials are aggressively seeking the removal of the 26% tariff and relaxations on those additional Trump-era duties, while the US is seeking greater access for its industrial goods, electric vehicles, petrochemical products, agricultural products, and more.

    Despite multiple rounds of high-level talks, a breakthrough remains elusive. Agriculture and dairy access are particularly contentious; India has long resisted duty concessions in these sectors, with powerful farmer groups warning against including genetically modified crops or wider agricultural access in any deal. On the US side, Commerce Secretary Lutnick reiterated that these tariffs are meant to secure fairer trade terms and protect American jobs, asserting that large economies must either open their markets or pay what he termed a “fair tariff.”

    Indian exports targeted by the tariffs include textiles, leather goods, pharmaceuticals, and labor-intensive products. While an interim agreement may ease some sectors, trade experts from the Global Trade Research Initiative warn the proposed US deals often fall short of the World Trade Organization’s criteria for free trade agreements. In most cases, only the partner country—like India—lowers its tariffs, while the US only offers to roll back the most recent emergency tariffs, keeping most of its trade barriers in place.

    If the two nations fail to reach even a temporary deal by August 1, Indian exporters face the possibility of a minimum 10% additional levy, even if the controversial 26% surcharge, which has been ruled unlawful by a US federal court but remains under appeal, is eventually withdrawn.

    Negotiators are now working around the clock, with a US team set to visit New Delhi again in mid-August for further talks. Both sides still aim to secure a comprehensive bilateral trade agreement before the end of the year, potentially giving Indian exporters a crucial tariff advantage over regional rivals.

    Thanks for tuning in to this special update of India Tariff News and Tracker. Don’t forget to subscribe to stay ahead of the latest trade headlines. This has been a quiet please production, for more check out quiet please dot ai.

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  • US-India Trade Tensions Escalate: Tariff Threats Loom as Negotiations Intensify Over Agriculture and Auto Sectors

    US-India Trade Tensions Escalate: Tariff Threats Loom as Negotiations Intensify Over Agriculture and Auto Sectors
    2025/07/20
    Listeners, significant shifts are unfolding in US-India trade as President Donald Trump’s administration pushes hard on new tariffs and trade deadlines. A high-stakes round of negotiations just concluded in Washington, aiming to secure an interim deal before August 1, when a tariff relief period expires. Without an agreement, Indian exports could be hit by tariffs as high as 26 percent, a move that would impact billions in trade value according to commerce ministry officials and coverage by Azernews and The Financial Express.

    Central to these trade talks are agriculture and automobiles. The US is demanding greater agricultural access to Indian markets, particularly for genetically modified crops such as soya and corn. Indian farmer groups like the Indian Coordination Committee of Farmers Movements are strongly resisting, arguing that GM imports would devastate domestic agriculture and rural livelihoods. With elections looming in India, the government is cautious about provoking farmers and has so far declined to include agriculture in any immediate deal, as reported by The Financial Express.

    Automobiles are another sticking point. The Trump administration has set a 25 percent tariff on passenger vehicles and certain auto components from India since May. India’s government says this threatens nearly three billion dollars’ worth of exports but the US insists the measure is justified under national security exemptions. India has challenged these tariffs at the World Trade Organization, but the US claims they cannot be challenged under WTO rules.

    All of this unfolds against a larger backdrop of escalating tariff threats. President Trump has recently warned that member states of BRICS, including India, could face a blanket 10 percent tariff on exports to the US if the group continues to pursue alternatives to the US dollar. The Times of India and Hindustan Times report Trump’s tough rhetoric against BRICS and insistence on protecting dollar dominance. At the same time, trade data shows that despite a baseline 10 percent reciprocal tariff already in place, India’s exports to the US rose 22 percent from April to June, while imports grew by 12 percent, as reported by the Indian Panorama.

    Yet none of the proposed new tariff rates for India have been formally finalized, even as the revised tariffs for other countries range between 25 and 40 percent. Trump’s administration has unilaterally hiked tariffs for 24 countries and even threatened rates up to 50 percent, particularly on Brazil. Meanwhile, Trump indicated in a recent Real America’s Voice interview, referenced by DD News, that he might impose a 10 to 15 percent tariff on smaller countries as a negotiation tactic to reduce the US trade deficit.

    Amid these tariff threats and ongoing negotiations, India and the US aim to deepen their strategic economic partnership, with both sides hoping to reach not just an interim deal, but a comprehensive bilateral agreement by the end of the year.

    Thanks for tuning in to India Tariff News and Tracker. Don’t forget to subscribe to stay ahead on every development. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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  • US India Trade Talks Reach Critical Stage Potential 10 to 15 Percent Tariff Deal Signals Breakthrough in Bilateral Relations

    US India Trade Talks Reach Critical Stage Potential 10 to 15 Percent Tariff Deal Signals Breakthrough in Bilateral Relations
    2025/07/18
    Welcome to India Tariff News and Tracker, your latest source for updates on the evolving trade landscape between the United States and India.

    Listeners, the big story today is the rapidly unfolding US-India tariff negotiations, now in their final stretch before the critical August 1 deadline. The Trump administration had earlier proposed a hefty 27% reciprocal tariff on Indian goods under the so-called “Liberation Day” policy, sharply higher than the universal 10% tariff the US has already levied on most global imports. However, fresh reports from The New Indian Express and Business Standard confirm that both Washington and New Delhi are now moving toward a more modest tariff band in the range of 10–15%, putting India in a considerably better position than some of its regional competitors like Indonesia and Vietnam, where tariffs have landed at 19–20%.

    This progress follows weeks of intense negotiations, with Indian officials urgently pushing for preferential treatment. As detailed by Business Today, India’s trade team, led by Special Secretary Rajesh Agrawal, is currently in Washington aiming to secure a deal that shelters Indian exports from the full brunt of the proposed reciprocal tariff. This is especially important since the US remains India’s single-largest export destination, accounting for over $86 billion in goods last fiscal year and a $40.8 billion trade surplus.

    The scene is tense in export-dependent sectors such as electronics, auto parts, chemicals, and agriculture, where Indian businesses have delayed shipments and paused new orders while awaiting tariff clarity. According to analysis cited by Policy Circle, India’s government think tank NITI Aayog has been vocal about the need to fast-track a deal, warning that any delay could trigger the automatic 10% tariff on Indian exports, with the threat of hikes to 27% lingering overhead.

    Preferential agreement could be the lifeline Indian exporters need, with Business Today noting optimism in Delhi that a preliminary pact may be announced before the deadline. If sealed, it would give Indian exporters better terms than many competitors. Meanwhile, watchers warn that negotiations remain delicate, with US lawmakers proposing even more punitive measures—like huge tariffs on countries importing Russian crude, a group that includes India. Nonetheless, the consensus in recent major business publications is that odds favor a deal with tariffs settling at no higher than 15–20%, and possibly as low as 10%, potentially sparing India major disruption.

    Listeners should keep an eye on the final days of July for official announcements. Any breakthrough will significantly impact Indian business decisions and the broader South Asian trade landscape, given the scale of US-bound shipments.

    Thanks for tuning in to India Tariff News and Tracker—please remember to subscribe so you never miss an update. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
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