Tariff imposed by the US on India under the new Section 301 framework announced on July 23. Smartphones, pharmaceutical products and petroleum products, which together accounted for more than $31 billion in exports to the US in FY26, remain exempt.
Tariff imposed by the US on India under the new Section 301 framework announced on July 23. Smartphones, pharmaceutical products and petroleum products, which together accounted for more than $31 billion in exports to the US in FY26, remain exempt.
Published on 25, Jul 2026