Alerts & Updates 3rd Apr 2025

ELP Trade Update – Reciprocal Tariffs

Authors

Ambarish SathianathanPartner | Mumbai
Parthsarathi JhaPartner | New Delhi | Noida
Sanjay NotaniPartner | Mumbai
Shrinkhla GuptaPrincipal Associate | Delhi NCR
Divyashree SuriSenior Associate | Delhi NCR

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The U.S. has announced reciprocal tariffs on all its imports, as part of broader measures to address trade deficits. A 26% reciprocal tariff is applicable on imports from India. Sectors like electronics, gems and jewelry, machinery, and apparel may be particularly affected. Indian exporters may wish to evaluate contract terms, explore mitigation tools, and monitor ongoing trade discussions between India and the U.S. for potential relief. Please see below the detailed update to understand what this means for your business and next steps.

Click here to read the update

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