India, currently in talks with the United States (US) over a trade agreement, has not been included in the latest list of countries that received tariff letters from the Trump administration as of Wednesday.
India and the US are currently in the midst of negotiations for a trade agreement.
So far, the US has sent tariff letters to around 20 countries.
On Wednesday, President Donald Trump sent tariff letters to six additional trading partners and pledged to announce import taxes on more countries later in the night.
Earlier, on Monday, the administration sent the first tranche of letters to 14 countries, outlining the tariffs the U.S. intends to levy on their exports entering American markets starting August 1.
Among the countries that received these letters are Bangladesh, Indonesia, Japan, South Korea, Malaysia, Thailand, South Africa, Bosnia and Herzegovina, Cambodia, Kazakhstan, Laos, Serbia, and Tunisia.
The latest set of letters sent on Wednesday includes Libya, Iraq, Algeria (30% tariff), Moldova, Brunei (25%), and the Philippines (20%).
Back on April 2, the U.S. had announced an additional 26% retaliatory tariff on Indian goods, which was initially suspended for 90 days until July 9. This suspension has now been extended to August 1.
However, a baseline tariff of 10% imposed by the U.S. on Indian goods remains in effect.
Since 2021-22, the U.S. has been India’s largest trading partner. In the fiscal year 2024-25, bilateral goods trade reached USD 131.84 billion, comprising USD 86.51 billion in exports, USD 45.33 billion in imports, and a trade surplus of USD 41.18 billion in India’s favor.
