Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

US tariffs on India: A timeline of duties, deals and reversals

India and United States trade saw tariff changes since April 2025. Tariffs were imposed and later rescinded due to geopolitical events. A trade deal framework was agreed upon between the two nations. The US Supreme Court struck down a reciprocal tariff system. Current tariffs include Section 301 and sectoral duties on Indian goods.

US tariffs on India: A timeline of duties, deals and reversals

From April 2025 to September 2026, the United States and India experienced a series of tariff changes and reversals. In April 2025, President Donald Trump announced a 26% tariff on Indian goods, consisting of a 10% baseline tariff and a 16% reciprocal tariff. The 16% reciprocal tariff was suspended for 90 days, but the 10% baseline tariff remained in effect. Subsequently, on July 31, 2025, the US imposed an additional 25% duty on Indian goods, bringing the total tariff to 50%.

On August 6, 2025, the US announced another 25% tariff on Indian goods due to India's continued purchase of Russian oil. This led to the total tariff burden on Indian goods reaching 50%, excluding a small exemption list. The tariff stood at 50% in the US market, made up of a 25% reciprocal tariff and an additional 25% tariff linked to Russian oil purchases.

On February 2, 2026, India and the US reached a deal in which the US agreed to reduce its reciprocal tariff on Indian goods from 25% to 18%. However, this 18% rate was never implemented. Later, on February 6, 2026, the two countries announced a framework for their bilateral trade agreement.

On February 7, 2026, the US withdrew the additional 25% tariff imposed on Indian goods due to India's purchase of Russian oil. On February 20, 2026, the US Supreme Court struck down the reciprocal-tariff system, and Indian goods once again faced only MFN duties.

On July 24, 2026, the US imposed a new 10% global tariff regime for 150 days, which meant a 10% tariff in addition to the applicable MFN duty for India. On September 18, 2026, Trump signed the Sanctioning Russia and Iran Act, authorizing tariffs of up to 100% on countries purchasing Russian oil and gas, including India and China.

Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

More in Finance & Markets

More from Saturday 19 September →