India’s exports to US plunge! Not just goods hit by Trump’s 50% tariffs, even smartphones see ‘alarming’ dip; what’s happening?

US tariffs have significantly impacted India's exports to the US, causing a 22.2% drop between May and August 2025. While tariffed goods like textiles and seafood suffered, surprisingly, duty-free exports, including smartphones, also declined sharply. Experts suggest investigating the reasons behind this unexpected downturn and implementing export-specific relief measures to support affected industries.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lLBtpfH