Here’s how it compares with other major export economies

Along with India, the countries with some of the highest tariffs across the world include Brazil (50%), Syria (41%), Myanmar (40%), Switzerland (39%), Laos (40%), Thailand and Cambodia (36% each), Canada (35%), China (30%), Algeria (30%), Iraq (35%), South Africa (30%), Libya (30%), and Mexico (25%).

Trump’s latest tariff announcement regarding India comes as the India-US bilateral Trade Agreement negotiations, which were launched in March 2025, have failed to reach a meaningful agreement so far. Five rounds of negotiations have been held, the last being from July 14-18, 2025, in Washington, USA, and both governments are yet to announce any significant progress. The sixth round of talks is expected to happen at the end of August.

As the US tries to counter China and now India with heavy duties on exports into the US, Prime Minister Narendra Modi is likely to attend the Shanghai Cooperation Organisation summit this month, making it his first visit to China since the Galwan Valley clashes in Ladakh in 2020.