India’s Trade Data Reflects US Tariffs

• India’s August trade data shows a slight respite from demands from labour-intensive sectors like seafood, textiles, and apparels.

• The duration of this respite depends on the trajectory of renewed trade negotiations between India and the US, amid US tariffs.

• Goods exports in August rose 6.7% YoY to $35.10 billion, while imports declined by 10.12% to $61.59 billion.

• The merchandise trade deficit narrowed to $26.49 billion in August from July’s $27.35 billion.

• The strains of the US’s 25% “reciprocal tariffs” show in the sequential drop in exports.

• U.S. shipments in electronics, gem and jewellery, and engineering goods saw mild declines in August.

• Textiles witnessed the sharpest fall of about 2.7% YoY.

• Drugs and pharmaceuticals, an exempt sector from the tariffs, have done well sequentially and on-year.

• Concerns are raised about the sharp decline in imports across products and sectors.

• Despite strained diplomatic relations, Beijing remains a top trading nation for India, indicating a disconnect between diplomacy and economic relations.

US Tariffs Impact India is important topic for Civil service exam (WBCS).

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