India now faces the highest US tariff of all Asian countries. Trump on July 31 announced a 25% reciprocal tariff on India, followed by an additional 25% tariff this week, accusing India of “directly or indirectly” importing oil from Russia.
Speaking in Lok Sabha, the ministry assured the members that the Department of Commerce is engaged in discussion with all relevant stakeholders, including exporters and industry associations for take their feedback on the potential implications of the US tariffs.
In June 2025, India’s merchandise exports were almost unchanged year-on-year at $35.14 billion, weighed down by global economic uncertainties.
The government attaches utmost importance to protecting & promoting welfare of our farmers, entrepreneurs, exporters, MSMEs and will take all necessary steps to secure our national interest, a representative from the ministry said.
On August 9, India’s Ambassador to the US, Vinay Mohan Kwatra, stated on Saturday, August 9, that he had spoken with Trump ally and Republican Senator Lindsey Graham about increasing energy trade between the two countries.
First Published: Aug 11, 2025 7:07 PM IST
