Indian textiles, jewellery at risk of 50% Trump tariffs; pharma, phones exempt
Trump
imposed an additional 25% tariff on goods imported from India this week, citing New Delhi's continued purchase of Russian oil. The new import tax, effective 21 days after August 7, will raise duties on some Indian goods to as high as 50% - among the highest levied on any U.S. trading partner.
While some sectors like smartphones, pharmaceuticals and energy are currently exempt from any reciprocal tariffs, other items like gems and jewellery, textiles and some auto components, which make up a large part of Indian exports to the U.S., will take a hit.
Productivity Tool
Zero to Hero in Microsoft Excel: Complete Excel guide
By Metla Sudha Sekhar
View Program
Finance
Introduction to Technical Analysis & Candlestick Theory
By Dinesh Nagpal
View Program
Finance
Financial Literacy i e Lets Crack the Billionaire Code
By CA Rahul Gupta
View Program
Digital Marketing
Digital Marketing Masterclass by Neil Patel
By Neil Patel
View Program
Finance
Technical Analysis Demystified- A Complete Guide to Trading
By Kunal Patel
View Program
Productivity Tool
Excel Essentials to Expert: Your Complete Guide
By Study at home
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
Below are some of the largest exports to the U.S. from India.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Top 15 Most Beautiful Women in the World
Topgentlemen.com
Undo
SMARTPHONES
Apple Inc suppliers Foxconn Hon Hai, Tata Electronics, Pegatron Corp and Wistron Infocomm are the largest exporters from India to the U.S., shipping smartphones and other products worth nearly $7 billion in 2024. In the first six months of 2025, the companies have already exported goods worth $11 billion, commercially available customs data showed.
Live Events
Smartphones are currently exempt from tariffs, in a win for Apple that is gearing up to launch iPhone 17 next month and has gradually increased manufacturing in India as it diversifies from China. Most iPhones sold in the U.S. are now made in India.
PHARMACEUTICALS
Dr Reddy's Laboratories
,
Zydus Lifesciences
, Hetero Labs,
Lupin
,
Aurobindo Pharma
and
Sun Pharmaceutical
are top exporters of drugs and active pharmaceutical ingredients to the U.S.
In 2024, they shipped goods worth $3.6 billion and from January to June 2025 they have already exported drugs worth $3.7 billion to the U.S. The sector is currently exempt from tariffs as generic medicines are crucial for affordable healthcare.
GEMS & JEWELLERY
The United States is the largest market for India's gems and jewellery sector, accounting for goods worth $10 billion last year, making up nearly 30% of its total global sales.
Diamond and gem manufacturers Shree Ramkrishna Exports, Gia India and Kiran Gems are the largest exporters to the U.S. India's Gem & Jewellery Export Promotion Council has warned that the tariffs could bring the industry to a standstill, especially with competing manufacturing hubs such as Turkey, Vietnam and Thailand being taxed at lower rates.
TEXTILES
India's textile industry is already receiving panic-stricken calls from customers after Trump announced the additional 25% tariff.
Apparel and textile companies like Shahi Exports,
Welspun
,
Indo Count Industries
,
Trident
and
Gokaldas Exports
are top exporters that are likely to take a hit with tariffs rising to 50%.
In 2024, the companies exported goods worth over $2 billion and in the first half of 2025 shipped products of about $1 billion to U.S. clients including Walmart, Target, Costco and Gap.
AUTO COMPONENTS
India's auto components sector has grown rapidly over the last few years and is one of the few industries that records a trade surplus. The U.S. is its largest export market, making up close to a third of global trade.
In 2024, India exported components worth $6.6 billion to the U.S. Of this, over $3.5 billion comprised parts for cars and small trucks that are currently exempt from the 50% tariff and will pay just 25%. The main exporters include Sona Comstar and Samvardhan Motherson.
However, exports of components for commercial vehicles like large trucks and agriculture equipment, worth about $3 billion, will attract a 50% tariff.
Bharat Forge
, whose customers include companies like Caterpillar and Volvo, and John Deere are among the largest exporters of such parts.
ENERGY AND RENEWABLES
Manufacturers of solar equipment like cells and modules, wind turbines and other energy products have significant exports to the U.S. but with little to worry about so far as they are exempt from tariffs.
Companies including billionaire Mukesh Ambani's
Reliance Industries
, Mundra Solar, a unit of conglomerate Adani Group,
Waaree Energies
, LM Wind Power,
Schneider Electric
and GE Power are among the largest exporters of energy and renewable equipment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
23 minutes ago
- Time of India
At 75, Srikakulam aims to take the big leap to turn challenges into opportunities
1 2 Visakhapatnam: Srikakulam will celebrate its 75th anniversary on Aug 15, marking its official formation on the same date in 1950, when it was carved out of Visakhapatnam district. Historically, the region was part of the Northern Circars, the first territories to come under British control in 1765 through a 'farman' issued by the Mughal emperor and later ratified by the Nizam of Hyderabad in 1768. Guntur, however, came under British control later, in 1788. The Northern Circars roughly comprised the combined districts of Srikakulam, Vizianagaram, Visakhapatnam, East Godavari, West Godavari, Krishna, and Guntur. In 1802, these Circars were divided into five districts — Ganjam, Visakhapatnam, Rajahmundry, Masulipatnam (Machilipatnam), and Guntur. The Chicacole (Srikakulam) area, originally part of Visakhapatnam district, was included in Ganjam when it was formed. However, when Orissa (now Odisha) was created in 1936, Ganjam was transferred to Orissa, and Chicacole division was remerged with Visakhapatnam district. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo This laid the groundwork for its eventual bifurcation in 1950, leading to the formation of Srikakulam as a separate district. Even 75 years after its formation, Srikakulam, one of the least developed districts in Andhra Pradesh, continues to lag behind on key socio-economic indicators. According to the 2011 census, the literacy rate in Srikakulam stood at 61.7%, below the state average of over 67%. Similarly, urbanisation has driven economic growth across the state, with urban population rising from 24.13% in 2001 to 29.47% in 2011. Visakhapatnam leads with 47.45% urban residents, followed by Krishna at 40.81%, while Srikakulam (16.16%) remain the least urbanised district. Before the bifurcation of the erstwhile 13 combined districts into 26, Srikakulam's per capita income stood at Rs 1.45 lakh, ranking 12th among those 13 districts and significantly below the state average of Rs 1.92 lakh. The district also faces a health crisis, with high rates of chronic kidney disease of unknown etiology (CKDu) affecting thousands in the Uddanam region. Another example is that Visakhapatnam district contributed approximately Rs 1.19 lakh crore, or 9.15% of Andhra Pradesh's total gross domestic product (GDP) in 2022-23, securing the top position among all districts. In contrast, Srikakulam ranked 20th among the 26 districts. The district's lack of diversification into non-agricultural sectors, particularly services and manufacturing and under-industrialisation exacerbate its economic stagnation. Srikakulam contributes a mere 2.2% to the state's industrial gross value added, and its share in the services sector remains negligible at just 3%. The three-day celebrations to mark the 75th anniversary of Srikakulam started on Aug 13 across the district. Srikakulam collector Swapnil Dinkar Pundkar said he has invited industrialists to invest in the region, assuring full support, including land allocation through APIIC and access to govt buildings. "With our 193-kilometre coastline and upcoming infrastructure projects such as the Bhogapuram airport and the six-lane corridor, the district offers ample opportunities for industrial development. I urge entrepreneurs to utilise govt schemes and focus on value-added products like cashew, mango, jackfruit, and aquaculture. Both govt and private lands will be made available as required to foster employment and growth," said Pundkar. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Independence Day wishes , messages , and quotes !
Time of India
34 minutes ago
- Time of India
Unlox introduces AI powered learning ecosystem with IoT devices, virtual labs
Unlox has launched an integrated learning platform combining AI-driven guidance, dedicated hardware, and cloud-based virtual labs. The initiative is designed to address gaps in accessibility, personalization, and practical skill-building in higher education and professional to market projections, the global EdTech sector is expected to reach USD 404 billion by 2025, with AI-enabled adaptive learning emerging as a central feature. In India, industry estimates suggest that 150 million professionals will require reskilling by 2025, driving the need for flexible and outcome-focused training models. The Unlox framework is built on three components: Blu – AI Learning Companion Blu provides curriculum-linked assistance, adapting to individual learning patterns and offering real-time feedback. Its multi-language capability and round-the-clock availability are designed to enhance accessibility for diverse learner groups. Edu-let – Dedicated Learning Device Edu-let is a preconfigured tablet that supports offline access to course material, AI-enabled interaction, and personalized progress tracking. The model reflects an emerging trend in both education and enterprise settings toward secure, purpose-built devices for consistent user experience. Smart Labs – Cloud-Based Virtual Workspaces Smart Labs offer access to licensed industry software for coding, design, AI, and cybersecurity via a cloud-hosted environment. This approach mirrors enterprise adoption of cloud-based sandbox environments to enable skill development without the need for high-cost local infrastructure. The platform's design reflects broader shifts in digital learning and enterprise training: • AI adoption in Indian enterprises is rising, with 73% expected to expand usage in 2025. • Hybrid and blended models are becoming standard in both education and workplace training. • Cloud delivery remains a preferred model for scalability, modularity, and integration. By combining AI tools, dedicated devices, and virtualized lab environments, the platform supports both academic and vocational training needs. The approach is relevant for skill-building in technology-driven fields such as software engineering, AI, and cybersecurity.
Time of India
40 minutes ago
- Time of India
CA explains how a simple document could help save your family from months of financial nightmare
Most families never think about what would happen if the person handling the finances suddenly wasn't there. But for one woman, that nightmare came true. When her husband died unexpectedly, she didn't even know how to pay the electricity bill. No access to net banking. No clue where their SIPs were invested. Not even basic details of their insurance coverage. What followed were weeks of panic — until she built a system that every Indian family should copy as per CA Nitin CA shared that in India, over 60% of widows feel insecure about their finances or daily expenses. A Finsafe survey found that 31% still rely on low-return tools like FDs and traditional insurance — often without knowing how to claim them. Many women don't have basic access to bank accounts, investment details, or online logins, leaving them lost when tragedy Kaushik suggests making a simple 'Financial Protection Plan' — a set of steps that will keep you and your family in control. At the heart of it is an Emergency Financial Binder , a single document that holds all essential details: bank accounts and balances, logins and passwords, emergency contacts, insurance policies, monthly bill trackers, and property documents like wills and nominee lists. It's printed, locked away, and shared with a trusted also suggested setting up a shared password manager using tools so key logins are securely stored and accessible to her family. He advises holding a 'Money Map' meeting — a 30-minute check-in to track income, expenses, investments, loans, EMIs, and the status of all payment apps and also advises including an updated will and directives. All nominees are appointed, a registered will is in place, and your family will know exactly what to do if something approach matters because in most Indian households, only one person handles the finances. When that person is gone, the family faces not just emotional loss but financial disarray. Her checklist is simple but powerful: start a financial binder (digital and physical), share critical details with your spouse or parents, review insurance and nominee information, and make 'money talks' a regular habit.
