Smartphones, gems, and pharma worst hit.
New Delhi: India’s exports to the United States have plunged sharply across sectors, declining by 37.5 per cent between May and September 2025, following steep tariff hikes imposed by Washington under President Donald Trump’s trade policy.
According to Kashmir Media Service, citing a report by India’s Global Trade Research Initiative (GTRI), the export value fell from USD 8.8 billion to USD 5.5 billion in just five months — one of the steepest short-term collapses in recent years.
The GTRI analysis found that the US duties, which began at 10 per cent in April and climbed to 50 per cent by late August, severely hit India’s key export sectors.
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