India's exports to US fall 22% amid tariff war
after close1 source ↓written by the desknot a recommendation
- in January
- 21.8%
- Overall exports grew
- 0.6%
- but imports surged
- 19.2%
India's merchandise exports to the US dropped 21.8% in January to USD 6.6 billion, reflecting the impact of higher tariffs imposed during Donald Trump's tariff war. Overall exports grew 0.6% to USD 36.56 billion, but imports surged 19.2% to USD 71.24 billion, widening the trade deficit to USD 34.68 billion. 📉
This decline highlights the ongoing challenges for exporters and may prompt further diversification efforts in trade relations.
Not investment advice. For informational purposes only.