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India's Exports to US Plunge 37.5% Amid Tariff Hikes

11/3/2025

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Summary

Story summary

India’s exports to the United States declined 37.5% from May to September 2025, falling from $8.8 billion to $5.5 billion.
The decline followed steep tariff hikes imposed by the United States.
Tariff-free goods, previously about one third of exports, fell 47%.
Smartphone exports plummeted 58%.
Gems exports collapsed nearly 60%.

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Story summary

India’s exports to the United States declined 37.5% from May to September 2025, falling from $8.8 billion to $5.5 billion.
The decline followed steep tariff hikes imposed by the United States.
Tariff-free goods, previously about one third of exports, fell 47%.
Smartphone exports plummeted 58%.
Gems exports collapsed nearly 60%.