Mumbai: India’s trade with the United States has begun to feel the brunt of U.S. President Donald Trump’s aggressive tariff policy, as exports from the country fell sharply over the summer months. According to the Global Trade and Research Initiative (GTRI), India’s shipments to the U.S. declined by 22.2 percent between May and August 2025, signaling the first clear impact of the high-tariff regime on Indian exporters.

In May 2025, exports to the United States totaled $8.8 billion, but by August, this figure had fallen to $6.9 billion. The decline affected several key sectors, even those not directly targeted by tariffs, highlighting broader market disruptions. Smartphone exports, for instance, which were exempt from the levies, experienced fluctuations as Indian manufacturers acceler

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