Graphic of the day: US-India Trade Gap hits 37-year high

The US goods trade deficit with India hit a 37-year high. of $58.2 billion in 2025 even as Trump-era tariffs remained in effect.

Last Updated: Feb 23, 2026, 15:07 IST1 min

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Trump’s tariffs were designed to slash trade deficits, yet new government data reveals the gap with India hit a record high of $58.2 billion last year. This is compounded by a landmark Supreme Court defeat that effectively 'pulled the plug' on the legal basis for those duties. The White House now faces a double-edged crisis: a trade deficit that protectionism couldn't dent and a looming $200 billion refund bill for tariffs the Court has now deemed illegal.

First Published: Feb 23, 2026, 15:56

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