{"id":2757,"date":"2025-08-06T18:23:36","date_gmt":"2025-08-06T18:23:36","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/06\/from-textiles-to-gems-indias-key-exports-in-trouble-as-trump-doubles-tariff-to-50-business-news\/"},"modified":"2025-08-06T18:23:36","modified_gmt":"2025-08-06T18:23:36","slug":"from-textiles-to-gems-indias-key-exports-in-trouble-as-trump-doubles-tariff-to-50-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/06\/from-textiles-to-gems-indias-key-exports-in-trouble-as-trump-doubles-tariff-to-50-business-news\/","title":{"rendered":"From Textiles To Gems: India’s Key Exports In Trouble As Trump Doubles Tariff To 50% | Business News"},"content":{"rendered":"


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US President Donald Trump announced an additional 25% import duty on goods coming from India, effectively doubling the total tariff to 50%<\/h2>\n
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US President Donald Trump (Image Credit: Reuters)<\/p>\n<\/figure>\n

A fresh wave of US tariffs is set to severely hit several of India\u2019s key export sectors, including textiles, gems and jewellery, leather, chemicals, footwear, and shrimp, according to industry experts.<\/p>\n

On Wednesday, US President Donald Trump announced an additional 25% import duty on goods coming from India, effectively doubling the total tariff to 50%. The move is being seen as a penalty for India\u2019s continued import of oil from Russia, and will take effect in two stages, the first on 7 August, and the second on 27 August.<\/p>\n

Notably, India appears to be the only country facing such penalties over Russian oil imports. Other major buyers like China and Turkey have not been subjected to similar tariff hikes.<\/p>\n

Indian Exports Could Fall By Nearly Half<\/strong><\/p>\n

Experts at trade think tank GTRI (Global Trade Research Initiative) warn that these steep tariffs could make Indian goods significantly more expensive in the US market, potentially slashing exports by 40\u201350%.<\/p>\n

\u201cThe tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40\u201350 per cent,” GTRI said.<\/p>\n

After the new tariff, it said, organic chemicals\u2019 exports to the US will attract additional 54 per cent duty. The other sectors which will attract high duties include carpets (52.9 per cent), apparel \u2013 knitted (63.9 per cent), apparel \u2013 woven (60.3 per cent), textiles, made ups (59 per cent), diamonds, gold and products (52.1 per cent), machinery and mechanical appliances (51.3 per cent), furniture, bedding, mattresses (52.3 per cent).<\/p>\n

In the financial year 2024\u201325, bilateral trade between India and the US stood at $131.8 billion, with Indian exports at $86.5 billion. Key sectors at risk include textiles and clothing ($10.3 billion), gems and jewellery ($12 billion), shrimp ($2.24 billion), leather and footwear ($1.18 billion), chemicals ($2.34 billion), and machinery ($9 billion).<\/p>\n

Exporters Raise Alarm<\/strong><\/p>\n

Yogesh Gupta, MD of Megaa Moda in Kolkata, said India\u2019s shrimp exports are already under pressure from Ecuador, which faces only a 15% tariff in the US.<\/p>\n

\u201cWe are already facing huge competition from Ecuador as it has only 15 per cent tariff. Indian shrimp already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty. After this 25 per cent, the duty will be 33.26 per cent from August 7,” Gupta said.<\/p>\n

The Confederation of Indian Textile Industry (CITI) expressed \u201cdeep concern” over the situation. \u201cThe US tariff announcement of August 6 is a huge setback for India\u2019s textile and apparel exporters as it has further complicated the challenging situation we were already grappling with and will significantly weaken our ability to compete effectively vis-\u00e0-vis many other countries for a larger share of the US market,” it said.<\/p>\n

Similarly, Colin Shah, MD of Kama Jewelry, said, \u201cMany export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable. Margins are already thin, and this additional blow could force exporters to lose long-standing clients.”<\/p>\n

(With inputs from PTI)<\/em><\/p>\n

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Last Updated:August 06, 2025, 23:40 IST US President Donald Trump announced an additional 25% import duty on goods coming from India, effectively doubling the total tariff to 50% US President Donald Trump (Image Credit: Reuters) A fresh wave of US tariffs is set to severely hit several of India\u2019s key export sectors, including textiles, gems…<\/p>\n","protected":false},"author":1,"featured_media":2758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-2757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/2757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=2757"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/2757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/2758"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=2757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=2757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=2757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}