India says 45% of US-bound exports remain outside new Section 301 tariffs
A 10% additional duty will apply to 55% of India’s exports to the US from July 24, while pharmaceuticals and smartphones are among exempt categories. India’s textiles, apparel, leather and footwear retain a tariff edge over rivals facing 12.5%.
What happened
Ministry of Commerce and Industry · India says 45% of exports to the US, including generic drugs and smartphones, avoid new Section 301 duties. A 10% tariff on
Key facts
- 45% of India's exports to the US remain outside the additional Section 301 duty
- 55% of exports will attract an additional 10% duty
- Additional tariff reduced to 10% from a proposed 12.5%
- China, Vietnam, Thailand and Türkiye face 12.5% tariffs
- Section 301 measures cover 60 economies
- India is among 17 countries receiving lower tariffs
Why this matters
US brands and retailers have a stronger case to pursue sourcing partnerships or supplier investments in India, especially in exempt pharmaceuticals and smartphones and relatively advantaged soft-goods categories.