Graphic of the day: Tariff shock hits

India's exports to the US plunge 12 percent following full implementation of Trump tariffs

By
Samreen Wani
Last Updated: Nov 03, 2025, 13:39 IST1 min
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After four months of double-digit export growth, the 50 percent Trump tariffs triggered an abrupt reversal. India's exports to its largest market plunged 12 percent (Y-o-Y) in September, the first full month under the US tariffs. This is the steepest drop this year as US President Donald Trump's tariff policy is effectively creating massive uncertainty and undermining India's trade momentum.
After four months of double-digit export growth, the 50 percent Trump tariffs triggered an abrupt reversal. India's exports to its largest market plunged 12 percent (Y-o-Y) in September, the first full month under the US tariffs. This is the steepest drop this year as US President Donald Trump's tariff policy is effectively creating massive uncertainty and undermining India's trade momentum.

First Published: Nov 03, 2025, 15:50

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Samreen Wani
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