Archive · 30 Jul 2026
Exports to US to rise if tariffs stay favorable
India wants to keep selling more goods to the United States.
The U.S. has added extra taxes, called tariffs, on many countries, including India, because of concerns about forced labor.
About half of India’s products sold to the U.S. will face a 10% tax, while the rest are exempt.
Some items like steel and cars are already covered by other rules and won’t get the new tax.
The Indian minister said that if India can keep its prices lower than other countries, the trade deal between India and the U.S. will start working soon.
India’s exports to the US will grow if it retains tariff advantage, says Commerce Minister Piyush Goyal.
The US has imposed 10% Section 301 duties on 60 countries, including India, over forced‑labour concerns.
About 45% of India’s US exports are exempt from the 10% duty; 55% will be taxed.
Products already covered by Section 232 (steel, aluminium, auto parts) are not subject to the new duty.
The India‑US interim trade agreement could activate once India secures a comparative advantage.
- Who
- Piyush Goyal, Commerce and Industry Minister of India
- What
- India’s exports to the US will grow if it retains tariff advantage amid Section 301 duties
- When
- Statements made on June 2024 during the JRD Tata Memorial Lecture
- Where
- India
- Why
- To maintain a comparative advantage over competitors and secure trade benefits
- Tariff rate
- 10% Section 301 duties
- Exempt exports
- 45% of India’s US exports
- Taxed exports
- 55% of India’s US exports
- Products exempt under Section 232
- steel, aluminium, auto parts
- Investigation start date
- March 12, 2024
- Report date
- June 2, 2024