Indian exports valued at approximately $30 billion, including pharmaceuticals and a range of electronic products like smartphones and semiconductors, are currently safe from the latest round of US tariffs. These items are part of an exemption list that protects them from the steep 50 percent duties recently imposed by President Donald Trump.
On August 6, Trump announced a move to double tariffs on Indian goods from 25 percent to 50 percent. This decision comes as a response to India’s continued purchases of arms and energy from Russia.
Although this tariff hike poses a serious risk to many of India’s labour-intensive exports to the United States, shipments of certain categories including pharmaceuticals, electronics and energy remain protected under the exemption list.
During the financial year 2024 to 2025, India exported drugs and pharmaceutical items worth $10.5 billion, and electronics such as smartphones totalling $14.6 billion. These two sectors alone made up 29 percent of India’s total exports to the United States.
In the same period, India’s total exports to the United States stood at $86.51 billion.
Interestingly, India’s petroleum exports, which amounted to $4.09 billion in the financial year 2024 to 2025, are also currently exempt from the new tariffs. Energy products have been included in the exemption list, allowing these shipments to continue without added duty costs.
These categories of exports were also not affected by the earlier 25 percent tariff that was announced on July 30.
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