Trump tariff shock eases? India’s exports to US rise after 4 months of slide; reach $6.3 billion in October
India’s exports to the US have grown in October over September, despite the 50% tariffs imposed by American President Donald Trump on Indian goods. However, the exports to the US for October have registered a decline of 8.58% compared to October 2024. Global Trade and Research Initiative (GTRI) founder Ajay Srivastava notes that US-bound merchandise exports from India reached $6.3 billion in October, showing a 14.5% increase from September, marking the first monthly growth since May despite the 50% tariffs.
US President Donald Trump imposed 50% tariffs on India in August, 25% of which is a penalty for India’s crude oil imports from Russia.
