Back to today’s briefing

Story perspectives

US Tariff Hits India as Trade Talks Intensify

9/24/2025

49 4 Full Breakdown

Summary

Goyal Pursues Trade Deal

The United States has imposed a 50% tariff on Indian exports.
India negotiates with the United States to ease skilled-worker access amid President Donald Trump's new $100,000 H-1B visa fee.
The fee endangers India's $280 billion tech-services sector reliant on H-1B visas and mobility.
Commerce Minister Piyush Goyal leads Washington talks toward a bilateral trade deal.

History

Historical Context

In 2018, the U.S. withdrew from the Trans-Pacific Partnership, altering global trade dynamics. This shift led to the imposition of tariffs on $250 billion of Chinese goods, escalating tensions with China. Concurrently, India, reliant on its $280 billion tech-services sector, faced a 50% tariff on its exports, highlighting the urgency for a bilateral trade deal to stabilize U.S.-India economic relations.

1 of 2

Goyal Pursues Trade Deal

The United States has imposed a 50% tariff on Indian exports.
India negotiates with the United States to ease skilled-worker access amid President Donald Trump's new $100,000 H-1B visa fee.
The fee endangers India's $280 billion tech-services sector reliant on H-1B visas and mobility.
Commerce Minister Piyush Goyal leads Washington talks toward a bilateral trade deal.

1 / 2