{"id":267840,"date":"2025-11-03T00:39:11","date_gmt":"2025-11-03T00:39:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/267840\/"},"modified":"2025-11-03T00:39:11","modified_gmt":"2025-11-03T00:39:11","slug":"us-tariffs-hit-indias-export-engine-gtri-report-shows-37-5-slump-across-key-sectors-smartphones-pharma-gems-among-worst-hit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/267840\/","title":{"rendered":"US tariffs hit India\u2019s export engine: GTRI report shows 37.5% slump across key sectors; smartphones, pharma, gems among worst hit"},"content":{"rendered":"<p> <img src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/11\/1762130351_193_-.jpg\" alt=\"US tariffs hit India\u2019s export engine: GTRI report shows 37.5% slump across key sectors; smartphones, pharma, gems among worst hit\" decoding=\"async\" fetchpriority=\"high\"\/> India\u2019s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the Trump administration squeezed margins across major sectors, according to a report by India-based trade think tank Global Trade Research Initiative (GTRI), ANI reported.The US, India\u2019s largest export market, saw shipments fall from $8.8 billion to $5.5 billion over the five-month period, marking one of the steepest short-term declines in recent years, GTRI said in its analysis. The study assessed India\u2019s export performance from May to September 2025 to gauge the fallout from US tariffs imposed starting April 2.<\/p>\n<p>&#8216;Unfair, Unjustified&#8217;: Piyush Goyal Exposes US Tariff Logic, Says India Won\u2019t Accept One-Sided Rules<\/p>\n<p>According to GTRI, the duties began at 10%, rose to 25% by August 7, and hit 50% by late August for Indian products. Tariff-free goods\u2014making up nearly one-third of India\u2019s total shipments\u2014saw the steepest contraction, plunging 47% from $3.4 billion in May to $1.8 billion in September.\u201cSmartphones and pharmaceuticals were the biggest casualties,\u201d GTRI said. Smartphone exports, which had surged 197% in the same period a year earlier, crashed 58% from $2.29 billion in May to $884.6 million in September. Shipments fell consistently each month, and GTRI noted, \u201cThe reasons for decline are not known and need examination.\u201dPharmaceutical exports dropped 15.7%, from $745.6 million to $628.3 million, while industrial metals and auto parts\u2014subject to uniform tariffs globally\u2014recorded a milder 16.7% dip. Within that category, aluminium exports fell 37%, copper 25%, auto parts 12%, and iron and steel 8%.\u201cBecause all global suppliers faced similar duties, the dip appears linked more to a slowdown in US industrial activity than to any loss in Indian competitiveness,\u201d GTRI said.Labour-intensive sectors such as textiles, gems and jewellery, chemicals, agri-foods, and machinery\u2014which together make up nearly 60% of India\u2019s US exports\u2014recorded a 33% fall, from $4.8 billion in May to $3.2 billion in September. Gems and jewellery exports plunged 59.5%, from $500.2 million to $202.8 million, as Thailand and Vietnam captured lost US orders.Solar panel exports fell 60.8%, from $202.6 million to $79.4 million, undermining India\u2019s renewable energy export edge. \u201cWith China facing only 30% tariffs and Vietnam 20%, India\u2019s competitiveness has sharply deteriorated,\u201d GTRI noted.The report also pointed to declines in chemicals, marine and seafood, textiles, and agri and processed food exports. \u201cExporters are urging the government to respond swiftly,\u201d it added, suggesting priority measures such as enhanced interest-equalisation support, faster duty remission, and emergency credit lines for MSME exporters.Without urgent policy intervention, GTRI warned, India risks losing market share to Vietnam, Mexico, and China even in sectors where it previously held a strong position. \u201cThe latest data make one point clear: tariffs have not only squeezed India\u2019s trade margins but also exposed structural vulnerabilities across key export industries,\u201d the think tank concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"India\u2019s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the&hellip;\n","protected":false},"author":2,"featured_media":267841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,143762,143763,131945,143764,133267],"class_list":["post-267840","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-gtri-report-on-tariffs","tag-impact-of-tariffs-on-indian-economy","tag-india-exports-to-us","tag-smartphone-export-decline","tag-us-tariffs-on-indian-exports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/267840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=267840"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/267840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/267841"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=267840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=267840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=267840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}