Trump's New Tariffs May Still Exempt Over $34 Billion in Indian Exports

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Trump's New Tariffs: $34 Billion Indian Exports May Remain Duty-Free

Tariff's to leave $34 billion of trade open

M

Moneycontrol•23-02-2026, 17:03

Trump's New Tariffs: $34 Billion Indian Exports May Remain Duty-Free

•US President Donald Trump's proposed tariffs may exempt over $34 billion of Indian exports from duties.
•Total US imports from India were $87.7 billion in 2024, with $34.27 billion potentially remaining duty-free.
•Exemptions include pharmaceuticals, electronics, and new carve-outs like civil aviation products.
•Pharmaceuticals, especially medicaments in dosage form, account for over $10.6 billion in exempted exports.
•Electronics, including smartphones ($6.8 billion) and communication equipment, are also largely exempt.

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