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JPMorgan: US Tariffs on Indian Exports May Average 15-17%
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JPMorgan: US Tariffs on Indian Exports May Average 15-17%
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CNBC TV18
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24-02-2026, 11:36
JPMorgan: US Tariffs on Indian Exports May Average 15-17%
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JPMorgan's Jahangir Aziz states US tariff changes may not significantly lower India’s trade burden, even after IEEPA tariff invalidation.
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Effective tariff burden for India could remain similar, with average tariffs potentially falling to 15-17% from 18-19% after exemptions.
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Indian exporters may benefit in the interim 150-day window as US importers accelerate purchases before the new tariff regime.
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Sectors like textiles, gems and jewellery, and smaller machinery exports could see increased demand during this phase.
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Future impact depends on evolving trade agreements and how the US replaces existing tariffs using Sections 301 and 232.
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