US Tariffs on 60 Nations, Including India, Set for July 23
By Business Desk
The US will impose new tariffs on 60 countries, including India, on July 23, replacing temporary measures amid unfair trade investigations. Learn about the new tariff regime.
The United States will announce new tariffs against 60 countries, including India, on Thursday, July 23. These measures are set to replace a temporary 10% tariff, which expires on July 24.
United States Trade Representative (USTR) Jamieson Greer informed the Senate Finance Committee of this “final responsive action.” It stems from Section 301 investigations into “unfair trade” practices.
Understanding the New Tariff Regime
These investigations, initiated in March, specifically target top trading partners for failing to address international trade in forced goods. Concerns also include “structural excess capacity” in manufacturing.
- 60 countries, including India, face new US tariffs.
- The new tariffs replace a temporary 10% tariff expiring on July 24.
- The USTR had proposed additional tariffs of 10% and 12.5% in June, varying by trading partner.
The temporary 10% tariffs were implemented after the US Supreme Court invalidated Donald Trump’s IEEPA retaliatory tariffs earlier this year, necessitating a stop-gap measure.
India’s Vulnerability and Past Impacts
India holds a significant position as the US’s second-largest trade partner and its largest export destination, making it particularly susceptible to shifts in US trade policy.
- US-India trade value in 2025 was approximately $141 billion.
- Indian exports to the US in 2025 accounted for $87.3 billion.
In 2025, India previously faced 25% IEEPA retaliatory tariffs imposed by Donald Trump, which severely affected its labor-intensive sectors.
- Seafood
- Textiles
- Apparel
- Chemicals
- Leather goods
- Gems and jewelry
These earlier tariffs led directly to significant production cuts and job losses within these key Indian industries.
New Threats and India’s Response
Beyond the ongoing Section 301 investigations, India faces a potential additional threat of tariffs as high as 100%. This is due to a proposed bill targeting five countries for importing Russian crude oil, which Washington believes helps fund Russia’s war against Ukraine.
This bill has strong Republican backing, including from Donald Trump, and if enacted, would render Indian exports to the US uncompetitive. The Narendra Modi government has officially challenged the USTR’s investigations, advocating for tariff discussions within the framework of ongoing US-India trade deal negotiations. However, reports indicate that Trump is proceeding with unilateral tariff announcements.