What you need to know about US-India trade, in 4 charts
CNN
With Narendra Modi, prime minister of India, expected at the White House this week, CNN takes a look at the trade relationship between the two countries.
US trade policies are under the microscope after President Donald Trump enacted — or has said he’s planning to enact — tariffs on the country’s three largest trading partners and teased more, broader tariffs in the coming days. With Narendra Modi, prime minister of India, expected at the White House later this week, CNN takes a look at the trade relationship between the two countries. While India has been spared any tariffs from the new Trump administration so far, Trump said recently that reciprocal tariffs will be announced on any countries with tariffs on US goods, which would include India. Meanwhile, India could be mounting a case to avoid such tariffs, as the country has recently reviewed its trade policies in a move believed to entice additional trade with the US, according to several Reuters reports. Here is what you need to know about US-India trade: The US is India’s largest trade partner as of 2024, yet India ranks tenth in the list of US trading partners for the same year. The bilateral trade between the US and the world’s most populous nation stands at $129.2 billion in 2024, a record for the partnership. With Trump planning to impose 25% tariffs on the US’s two top trade partners, Mexico and Canada, and a 10% tariff already in effect on Chinese goods, experts say India could benefit from these strained trade relationships by exporting more technology, electronics and jewelry to America. “The United States and India both want to enhance their economic influence in the Indo-Pacific region and blunt China’s economic primacy. The time is ripe and the incentives are in place for these two leaders to beat the odds and make a major deal,” wrote Kenneth I. Juster, former US ambassador to India from 2017 to 2021, and Mark Linscott, former assistant US trade representative for South and Central Asian affairs from 2016 to 2018, in a January 21 Foreign Policy article.
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