India secures exemption for 45% exports from US tariffs
after close1 source ↓written by the desknot a recommendation
- to the US
- 45% of its exports
- imposed under Section
- 10% tariff
- will incur
- 55% of exports
- to the US
- $87.3 billion
India announced that 45% of its exports to the US will be exempt from the new 10% tariff imposed under Section 301, related to forced labor concerns. The commerce ministry noted ongoing discussions for a textile-specific mechanism and a proposed bilateral trade agreement.
• 55% of exports will incur the additional duty, though India's tariff incidence is lower than other economies.
• In FY26, India exported goods worth $87.3 billion to the US, highlighting the significance of this exemption for trade relations.
Not investment advice. For informational purposes only.