The year 2025 was a very tough and historic year for the Indian Rupee. Market volatility along with US protectionism and India’s macroeconomic pressures combined to create a “perfect storm”. Due to the aggressive trade policies of the Trump administration, tariffs on India reached 50% by August, with the 25% surcharge on Russian oil being a big blow.

India’s “China Plus One” advantage was weakened by comparatively lower tariffs on Vietnam and China. Its impact was clearly visible on labour-intensive sectors like textiles, gems & jewelery and marine exports.

Rupee crossed psychological levels of ₹90–₹91 in December 2025. FII outflows, rising trade deficit and RBI’s market-driven stance made the rupee Asia’s worst performer. Imported inflation increased and put pressure on GDP growth by 0.3–0.5%.

However, Aatmanirbhar Bharat, Make in India, export diversification and possible India-US BTA raised new hopes for 2026.

US-India Tariffs: Three US lawmakers have taken a big step against the heavy tariffs imposed by President Donald Trump on imports from India. Three members of the US House of Representatives introduced a resolution on Friday, the purpose of which is to end Trump’s national emergency declaration.

Under this emergency, up to 50 percent duty was imposed on goods coming from India. Lawmakers called these tariffs illegal and said they were hurting American workers, consumers and India-US relations.

Which MPs presented the proposal

This proposal has been introduced by MPs Deborah Ross, Mark VC and Raja Krishnamurthy. This step has been taken at a time when earlier a bipartisan proposal has been brought in the US Senate related to banning the President’s emergency powers to eliminate similar tariffs imposed on Brazil and increase import duties.

Demand to remove additional duties imposed on India

According to the statement issued, this proposal demands cancellation of the additional 25 percent secondary duty imposed on India, which was imposed on August 27, 2025. This duty was imposed on top of the reciprocal tariffs already in place, increasing the total import duty on many Indian products to 50 percent. This action was taken under the International Emergency Economic Powers Act (IEEPA).

North Carolina’s economy is deeply linked to India

Congresswoman Deborah Ross said, ‘North Carolina’s economy is deeply linked to India through trade, investment and a vibrant Indian American community.’ He said that Indian companies have invested more than one billion dollars in North Carolina, creating thousands of jobs in sectors like life sciences and technology. At the same time, manufacturers from the state export goods worth hundreds of millions of dollars to India every year.

Burden on American consumers too: VC

Congressman Mark VC said that India is an important cultural, economic and strategic partner of America. He alleged that these illegal tariffs are like additional taxes on ordinary American citizens. According to the VC, ‘These fees are burdening the common people of North Texas, who are already struggling with rising inflation.’

‘Tariffs are harmful and counterproductive’

Indian American Congressman Raja Krishnamurthy called these tariffs ‘adverse and harmful’. He said this is disrupting the supply chain, hurting American workers and increasing prices for consumers. Krishnamurthy stressed, ‘Eliminating these tariffs will help strengthen economic and security cooperation between the US and India.’

Democrats’ effort to challenge Trump’s trade policy

This proposal is part of a broader effort by the Democratic Party in Congress, under which Trump’s unilateral trade policies are being challenged and efforts are being made to strengthen America’s relations with India.

Demand to reverse the policy has been made earlier also

Earlier in October, Deborah Ross, Mark VC and Raja Krishnamurthy, along with MP Ro Khanna and 19 other members of Congress, had appealed to the President to withdraw the tariffs imposed on India and improve the deteriorating bilateral relations. The statement issued said, ‘Eliminating the tariffs imposed by Trump on India is part of a broader effort by Congress to reclaim its constitutional rights on trade and to stop the misuse of emergency powers by the President.’

Buying oil from Russia became the reason for tariff

It is noteworthy that in August, President Trump had decided to impose 25 percent tariff on Indian products from August 1. A few days later, it was increased by another 25 percent, taking the total fee to 50 percent. The Trump administration had cited India’s continued purchase of oil from Russia as the reason for this and claimed that this provides financial help to Moscow in the Ukraine war.

Foreign brokerage firm Nomura has given a big update on the India-US trade deal. The firm has estimated that the 50 percent US tariff applicable on India may be revised to only 20 percent. Six rounds of talks have taken place between India and America regarding the trade deal, but no final decision has been taken yet. However, US President Donald Trump has said many times that a positive deal is going to happen between the two countries.

Nomura said that the outcome of the trade agreement between America and India still remains uncertain. The firm says that despite positive signals from both the countries, the agreement has not been signed yet. However, the firm has expressed confidence that soon a deal will be reached between India and America and the American tariff imposed on India will be reduced from 50 percent to around 20 percent. The foreign brokerage firm has also said that the stock market is hopeful that a trade deal will be reached between the two countries by the end of the year.

Nomura has also changed its estimate regarding India’s GDP growth rate. It has increased the growth rate from 7 percent to 7.5 percent for fiscal year 2026, but has maintained the 25 basis points cut for December. Recently the Finance Ministry has said that India has grown with a GDP growth rate of 8.2 percent from July to September.

America has imposed 50 percent tariff on Indian exports. After assuming power in January, Donald Trump had imposed heavy tariffs first on China and then on India, after which it was believed that it could have a big impact on India’s economy. However, big institutions like IMF had said that American tariffs will not be able to affect India’s economy much. The firm estimated that India’s economy would remain stable. Now the whole world is surprised to see this growth rate of India.

Donald Trump Tariff News: On one hand, there is turmoil at the global level due to the tariff policy of US President Donald Trump. Meanwhile, Trump has withdrawn his decision of 100 percent tariff imposed on generic medicines. After this decision, Indian pharma companies have heaved a sigh of relief. Nearly half of the generic medicines supplied to America are exported from India. In such a situation, Indian companies will get a lot of benefit from it.

Besides, American citizens who are dependent on pharma companies of India and other countries for such medicines will also benefit from it. Due to 100 percent tariff, a huge jump in the prices of specific generic medicines was expected in the American market. According to information received in a report, India alone exports 47 percent of the generic medicines supplied to America.

Demand for Indian medicines in American market

The export rate of Indian medicines to America is increasing rapidly. Exports of Indian pharma companies to reach $30 billion in the financial year 2025. In which a growth of about 31 percent is being seen every year. The demand for Indian generic medicines has also increased in the American market. The direct effect of which is visible in the pharma export data. After this decision of Trump, it is expected that the business of generic medicines will grow faster. India is such a big producer of medicines that it is known as the pharmacy of the world.

Trump had announced 100 percent tariff

Recently, Trump had announced through social media that America will impose 100 percent tariff on certain medicines. If a company produces medicines in America, then this tariff rate will not apply to them. After which a decline in the shares of pharma companies was seen.

However, American citizens are largely dependent on Indian medicines. Many medicines like diabetes, blood pressure, cholesterol and antibiotics are exported from India in large quantities. On average, American citizens have to spend less for medicines sent from India. Therefore, demand for Indian medicines remains in the American market.

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Us tarifs on pharmaceuticals: US President Donald Trump is taking one step after the other, which are constantly becoming troublesome for Americans. On the one hand, while the US court termed Tariff as illegal, on the other hand Trump is not ready to withdraw from his move. Now pharmaceutical companies have come in their target.

According to news agency AP, the Trump administration has decided to put heavy tariffs on imported medicines. These rates will be up to 200 percent on some medicines. President Trump’s effort is to increase the scope of tariff to reach the pharmaceutical sector after auto and steel. This will directly affect those medicines, which were not yet imposed customs. That is, this decision of Trump can affect the general American public.

Why American people in worry?

Experts believe that the supply chain will be affected on one side due to heavy tariffs on medicines, then the risk of lack of medicines will increase on the other side. The Trump administration is using section 232 of the Trade Examination Act 1962 to justify its move. It is being argued that to avoid lack of drugs, it is necessary to increase production at the domestic level, so that the situation like Kovid-19 is not again.

Recently, in the US-Europe trading decision, up to 15 percent tariffs were imposed on some European goods, including medicines. Despite this, the Trump administration is preparing to put more tariffs.

What will be the immediate effect?

It has been suggested by the White House that about one and a half years should be given to apply higher tariffs. Many companies have already increased imports and have increased the prices of medicines.

Jeffer’s analyst David Windle warned that this decision could not be implemented before 2026 or before 2027. The short -term effect will be that the lack of drugs will increase. Whereas in a long time it will directly affect the cost and supply.

Also read: SEBI’s new rule on trading in the stock market will be applicable from October 1, know what will be the effect on investors?

US President Donald Trump imposed 25 percent additional tariff on India, which has been implemented, but Trump is facing criticism due to this. The people of their own country are blaming them wrongly. Former US National Security Advisor Jake Sulivan has made a big claim. He has said that Trump has sidelined relations with India for his family business.

Sulwin says that it has been hard to strengthen the relations of Indo-US relations for years, but Trump has ruined it. Talking in a podcast, he said, “The US had worked to strengthen the world’s largest democracy on bilateral basis for decades. India is a country with which we should be together on the issue of economics with technology and talent. We should also be ready to deal with China’s strategic threat. ”

Trump made India a sideline for family business

Sulwin made a big charge on Trump. He said, I feel that he sidelined relations with India because of his desire to trade with the Trump family of Pakistan. This is a big strategic step in itself.

Tension between India and America

There is a tension between India and America regarding the issue of tariffs. Trump had first imposed 25 percent tariff on India, but increased it to 50 percent. Due to this, business has been affected much more. Trump has trouble buying oil from Russia in India, while China also buys oil from Russia. America also trades with Russia itself. However, India rests on its point.

Tension is increasing between America and India due to trade and energy. After US President Donald Trump’s displeasure over India’s 50% tariff and Russian oil purchases, American Treasury Secretary Scott Besant has given a strong message about relations between the two countries. Besant said that there is a strong foundation between America and India and any differences between the two countries can be resolved.

What did US Treasury Secretary Scott Besant say?

US Treasury Secretary Scott Besant said in a special interview to Fox News that relations between the US and India are strong and it is possible for both democratic countries to resolve their differences. He said, “Two great countries will solve it.”

However, Besant took a tough stand on the continuous purchase of crude oil from Russia by India. He said that this activist of India is providing financial assistance to Moscow’s Ukraine War. He said, “India has contributed to Russia’s war efforts by buying cheap oil from Russia and then selling sophisticated products. This is not a good step.”

Besant has given the reason for the Trump administration to increase the tariff on India

Besant also gave the reason for the Trump administration’s decision to increase the tariff on India. He said that due to slow trade negotiations, America had to take 25% and then 50% tariffs. He also mentioned the recent meeting of Prime Minister of India Narendra Modi, in which PM Modi met Russia’s President Vladimir Putin and Chinese President Xi Jinping at the SCO summit. Besant said that India’s price system is close to America and China, not Russia.

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American media angry over Trump’s unilateral tragedy statement, ‘PM Modi, Putin and Jinping cannot be ignored’

US President on buying oil from Russia Donald Trump 25 on India Percentile Penalty Announced, but his stance on China seems to be completely different, while he is also buying oil from Russia. Vice -president of america J D Wance Says that for imposing a fee on China Trump Has not taken any decision yet.

PTI According to the report of US Vice President J D Wance Said that the President Donald Trump Has has not yet taken any decision to impose fees on China for buying oil from Russia. He says that America’s relations with China affect many such things that have nothing to do with the Russian situation.

J D Wance Done Fox News Sunday Said to, ,President trump Said that he is thinking about it but he has not taken any concrete decision yet Is, J D Wance Was asked that Trump If we are levying heavy duty to buy Russian oil on countries like India, will America also levy similar fees on China because China also buys oil from Russia.

Of this question answer In J D Wance Said, ,Obviously Is that China’s issue is slightly more complex because our relationship with China affects many other things that have nothing to do with the Russian situation Is, They said that Trump Are reviewing your options and of course he decides at the appropriate time Will take,

America initially on India 25 Percent The tariff of was imposed. after this Trump Last week for the purchase of Russian oil Percent Penalty of penalty, which made India 50 fees 50 Percent Done. It is one of the highest charges levied by America on any country in the world. Additional 25 Percent The fee will be applicable from August 27. India has described America’s move as unfair and indiscriminate.

Congress MP Shashi Tharoor has given a befitting reply to the threat of nuclear attack by Pakistani military chief Asim Munir on Monday (August 11, 2025). Tharoor said that we are not going to bow down to any such nuclear threat. The ministry has also given a befitting reply.

After attending a dinner organized by Congress national president Mallikarjun Kharge for the leaders of India alliance, Congress MP Shashi Tharoor told reporters, “This person (Asim Munir) has a habit of saying such things in front of the Pakistani migrant community, which is obviously asks to strengthen his situation. But India knows how much I am in the air and the ground, so I am not very upset.”

Threatened to India from American land, this concerned topic- Tharoor

At the same time, Congress MP Shashi Tharoor said after a meeting of Permanent Parliamentary Committee of Foreign Affairs on Monday (August 11), “During an event in the US, the recent nuclear threats given to India by Pakistan Army Chief Asim Munir were discussed in the Standing Committee of Foreign Affairs. The committee has expressed concern over the misuse of land of a friend country for such comments.

Shashi Tharoor, chairman of the Standing Committee of Foreign Affairs, said, “The committee has expressed concern that the land of a friend country (America) was misused to say something against us in this way. Also, the habit of nuclear threats has been given clearly in the statement issued by the Ministry of External Affairs. We also repeat the same statement. We will also do not have any party threatening and any number of threats on India, we also repeat the same statement. There is no disagreement. “

What did Pakistani military chief say,

Pakistan’s military head Fled (Field) Marshal Asim Munir held a meeting with the Pakistani migrant community in Florida, USA. In the meeting, Munir said that if there is a threat to the existence of Pakistan in the event of any struggle with India in future, Pakistan can target India and half the world by using its nuclear weapons.