India Trade Deficit Hits Eight-Month High in July Ahead of US Tariff Hikes
India's merchandise trade deficit hit an eight-month high of over $27 billion in July as imports surged faster than exports ahead of U.S. President Donald Trump's announcements of new tariffs on trading partners, including India.
July exports showed no major fallout from Washington's decision to sharply raise tariffs on a range of Indian goods, as the higher levies take effect only from August.
In April-July, shipments to the U.S. rose 21.6% to $33.53 billion from $27.57 billion a year earlier, while imports from...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.