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flag U.S. tariffs surged to 50%, slashing India’s exports to $6.9B by Aug 2025.

flag India’s exports to the U.S. dropped 22.2% from May to August 2025, falling to $6.9 billion amid a surge in U.S. tariffs from 10% to 50% in a month. flag Even tariff-free goods like smartphones and pharmaceuticals saw a 41.9% decline, possibly due to pre-tariff export rushes, while heavily taxed goods like solar panels and shrimp fell sharply. flag Overall, Category C exports dropped 10.8%, and industry groups are urging India to provide targeted relief, including subsidies and faster duty refunds. flag Despite U.S. trade barriers and a new H-1B visa fee, JPMorgan views India’s economy as resilient, citing strong domestic growth and rising IPO activity.

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