Indian-American trade relationships in 4 graphics

Indian-American trade relationships in 4 graphics

Although India has so far been spared the new tariffs of the Trump administration, Trump recently announced that Against Zölle could be imposed against countries that would also include tariffs on US goods. However, India could try to avoid such tariffs because the country has checked its trade guidelines to boost additional trade in the US href = "https://www.reuters.com/world/india/india-review-tatriff-luxury-cars-solar-cells-pur-s-2025-02-05/" Target = "Blank"> Reuters reports.

Current trade relationships between the USA and India

The US trade policy has been under observation since the imposed tariffs were imposed on the country's three largest trading partners. President Donald Trump plans other more comprehensive tariffs in the coming days. While Prime Minister Narendra Modi is expected to be expected later this week in the White House, a look at the trade relationships between the two countries is taken.

where are things?

With as of 2024, the USA's largest trading partner are the USA, while India took tenth place on the list of US trading partners in the same year. The bilateral trade between the USA and the most populous country in the world achieved a record volume of $ 129.2 billion in 2024.

Da Trump plans to raise tariffs from 25 % to the two most important trading partners Mexico and Canada and already impose tariffs from 10 % to Chinese goods, my expert that India could benefit from these tense trade relationships by increasing technology, electronics and jewelry to the USA.

trade deficit between the USA and India

The trade deficit between the USA and India has increased. In 2024, the United States imported $ 45.7 billion more from India than it exported there. According to US import data made the imports from India about 2.7 % of all imported goods last year.

Trump has public talked about Modi's tendency to tariff, but there are signs that the Southeast Asian country is open to cooling off the penalty fees. At the beginning of this month, India's finance minister The import taxes on motorcycles, which benefits the American company Harley Davidson.

the goods traffic between the USA and India

The main imports of the United States from India include pearls, semi -precious stones, pharmaceutical products and electrical devices. In 2023, the import of the five most important products that were exported by India to the USA was more than $ 47 billion.

Modi is expected on Wednesday and Thursday of this week, February 12th and 13th in Washington. The two heads of the state had on 27. January , seven days after Trump's inauguration, a telephone conversation in which the expansion of the cooperation, the security in the indopazific and the importance of India intensifies Purchase of US security equipment.