Lok Sabha Question No. 3964 (UNSTARRED), answered on 2025-03-25
Subject: Reciprocal Tariffs on Imports and Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Subbarayan K, Com. Selvaraj V

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA

## UNSTARRED QUESTION NO. 3964 ANSWERED ON 25/03/2025

## RECIPROCAL TARIFFS ON IMPORTS AND EXPORTS

3964.  COM. SELVARAJ V: SHRI SUBBARAYAN K:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मं त्री ) be pleased to state:

(a) whether it is a fact that the decision of the US Government imposing reciprocal tariffs on imports from India will hit Indian exports to US and also the growing manufacturing investments in the country; and

(b) if so, the details of the main items of India's export to US and the quantum thereof and to what extent the US decision will impact our exports to that country?

## ANSWER

वाणिज्य और उद्योग मं त्रालय में राज्य मं त्री ( श्री णिणिन प्रसाद

## )

## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JITIN PRASADA)

(a) & (b) The U.S. has issued Memorandum  on  Reciprocal Trade and Tariffs on February 13, 2025, wherein the Secretary of Commerce and United States Trade Representative are to take necessary actions to investigate harm to U.S. from any non-reciprocal trade arrangements adopted by trading partners and provide a report with detailed proposed remedies for each trading partner, based on which, US action against relevant trading partner could, thereafter be undertaken under any of the relevant US legislations. As on date, reciprocal tariffs have not been applied  by  U.S.  on  India.  Details  of  the  main  items  of  India's  export  to  US  and  the quantum is placed at Annexure .

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## ANNEXURE

Annexure referred to in reply to Part (a) & (b) of Lok Sabha Unstarred Question No. 3964 due for answer on 25.03.2025

## Top 10 commodities of India's Export to USA

(Values in USD Million)

|   S.No. | Commodity                               |   April-March 2022-23 | April-March 2023-24   |   April-Dec 2024-25 |
|---------|-----------------------------------------|-----------------------|-----------------------|---------------------|
|       1 | Drug Formulations, Biologicals          |               6775.1  | 8,015.25              |             6531.52 |
|       2 | Pearl, Precious, Semiprecious Stones    |               9203.56 | 6,576.53              |             4230.73 |
|       3 | Petroleum Products                      |               6037.3  | 5,830.05              |             3180.28 |
|       4 | Telecom Instruments                     |               2562.69 | 5,822.83              |             5280.46 |
|       5 | Gold And other Precious Metal Jewellery |               3323.51 | 3,305.73              |             2747.5  |
|       6 | Products Of Iron and Steel              |               3080.94 | 2,781.83              |             2226.72 |
|       7 | RMGCotton Including Accessories         |               3131.55 | 2,743.67              |             2264.28 |
|       8 | Electronics Components                  |               1660.48 | 2,697.71              |             1514.85 |
|       9 | Cotton Fabrics, Made ups Etc.           |               2418.17 | 2,614.77              |             2038.01 |
|      10 | Marine Products                         |               2582.65 | 2,499.02              |             2056.13 |

Source: DGCIS