Archive · 8 Aug 2025
Maharashtra to Assess US Tariff Impact on Trade and Economy
Maharashtra's leader, Fadnavis, gathered with experts to figure out what could happen if the US put extra taxes (tariffs) on goods from the state.
They're worried about how this could affect local businesses and jobs.
Maharashtra sends a lot of products to the US, so these changes are important.
The state will now talk to the Indian government about how to protect local industries and keep the economy strong.
Maharashtra CM Fadnavis met with advisors to discuss the impact of potential US tariffs.
The meeting aimed to assess the effect of potential 50% US tariffs on the state's industries and employment.
Maharashtra is the second-highest exporting state in India, with exports of ₹5.56 lakh crore in FY23-24.
Exports to the US from Maharashtra totaled ₹111,762 crore.
The government plans to consult the Union government to protect the state's economic interests.
- Who
- Maharashtra CM Fadnavis, economic advisors, and department secretaries.
- What
- Meeting to assess potential impact of US tariffs.
- When
- Thursday (no specific date given).
- Where
- Mumbai, Maharashtra.
- Why
- To discuss and strategize the impact of potential US tariffs on the state's industries and economy.
Potential Impact of US Tariffs
Maharashtra State
Tariff Effects
Potential Impact of US Tariffs
Unclear impact of tariff hikes
Maharashtra State
Concerns about significant negative impacts on industries and employment.
- Maharashtra Exports (FY23-24)
- ₹5.56 lakh crore
- Maharashtra Exports to US (FY23-24)
- ₹111,762 crore
- Maharashtra Export Rank
- Second highest in India
- Main Export Products
- Pearls, stones, drugs, vehicles, iron & steel
- Top Export Destination
- United States
