Now Tank Global Trade Research Initiative has issued a statement regarding the trade deal between America and India, asking America to remove 25% additional tariff on Indian goods. Because of this, India has reduced the limit of purchasing oil from Russia. Nearly two-thirds of the cuts have been made by India this month.
what gtri said
According to the information, GTIR said, ‘India has reduced the import of crude oil from Russia. Therefore, any additional tariff now makes no sense.

Let us tell you, America had imposed 25% tariff on India because India was buying crude oil from Russia. Earlier, US President Donald Trump had admitted that India’s oil purchases from Russia have decreased significantly.

Here, GTRI has clearly said that Trump should now remove the additional 25% tariff without any delay. GIRI has not justified this duty for Indian exporters. It has also been said that maintaining this duty may harm the trade deal between the two countries. both countries

Trust will increase in both countries
GTRI believes that if the duty is refunded on time, it will keep Trump’s commitment. India will also get good results from this. Besides, the relations between the two countries will also get strengthened. Also, removal of additional duties will restore parity with economies like China.

Here, since September, the import of American petroleum crude oil has increased by 66.9% to 5.7 billion dollars. This is an increase of 36.3% in the total petroleum and production exports from America. Here, America’s concern that Indian refinery companies were buying oil from Russia and sending it to America will end.

GTRI on India’s Export: Indian exports have been badly affected by 50 percent tariffs imposed on India by US President Donald Trump. This is the third consecutive month when there has been a tremendous decline in exports. The most impact of the high tariff of US has been seen on things like gems and jewelery, leather made items. The reason for this is that the total global exports of these items are dependent on America only from 30 to 60 percent.

Trade hurt by tariff injury

According to Ajay Srivastava, the founder of Global Trade and Research Initiatives, the High Tariff of America has defeated some sector. In the month of August, after 50 percent of the US tariffs were effective, US exports from India declined by 16.3 percent over July and fell to $ 6.7 billion. This is the biggest decline in exports in the year 2025.

Earlier in the month of July, the US exports from India declined by about 3.6 percent compared to June and it increased to $ 8.0 billion. At the same time, exports fell by 5.7 percent in June and it increased to $ 8.3 billion.

However, if we talk about May, positive signs were seen in this month and it increased to $ 8.8 billion with an increase of 4.8 percent compared to April. In the month of April, 8.4 billion was exported from India to America.

50 percent tariff effective in August

In fact, the month of August became a big challenge for Indian exports when 27 percent Trump tariff came into effect on 7 August. After about 20 days, the tariff rates were increased to 50 percent on August 27. GTRI warned that a big decline can be seen in the month of September, as this will be the first month when 50 percent tariff will be applicable throughout the month. Earlier in late August, 50 percent tariff was effective.

Sector-wise impact

• Gems & jewelery: 40-50 percent export of this sector depends on America. After the high tariff, there has been a direct decline in the order book of this industry.

• Leather and Leather Goods: America is the biggest buyer of this industry. Due to the tariff, orders of Indian leather companies are shifting to countries like Vietnam and Bangladesh.

• Textile and Garments: The Indian textile sector, already facing strict competition between China and Vietnam, has now weakened the US market due to expensive tariffs.

• Engineering Goods: Export of machinery and auto components is also being affected, because America has also increased tariffs on value-added products.

An American high -level delegation is going to visit on Tuesday after India’s bilateral Trade Agreement indicated the tariff cut on US products under the Bilateral Trade Agreement. It also includes Assistant, US Trade Representative Braid Lanch of South and Central Asia.

This visit of the US delegation is going to take place at a time when President Trump has announced to install recipes on 2 April. It is feared that it may affect agricultural products, meats, processed food items, automobiles, diamonds, gold products as well as chemicals and pharma products exported from India. On which the difference of tariff can range from 8 to 33 percent.

However, on the other hand Economic Think Tac GTRI (Global Trade Research Initiative) has warned about this. The GTRI said on Tuesday that India should be cautious while interacting with the US on the proposed bilateral trade agreement, as the absence of the fast track trade authority in the US makes any agreement sensitive to the changes made by the Congress.

In this, the GTRI also said that the certification process allows the US to re -interact with it after signing the trade agreement. This demands domestic legal change, regulatory reforms and policy changes. It can weaken India’s sovereignty.

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