In a written reply to the Lok Sabha, Minister of State for Commerce and Industry, Jitin Prasada, stated that while reciprocal tariffs have been introduced on certain Indian goods exported to the US, these do not currently affect the pharmaceutical or electronics sectors
Members in the Lok Sabha during the Monsoon session of Parliament. File Pic/PTI
The Indian government has clarified that no additional tariffs have been imposed by the United States on Indian exports in key sectors such as pharmaceuticals and electronics so far, reported the PTI.
In a written reply to the Lok Sabha, Minister of State for Commerce and Industry, Jitin Prasada, stated that while reciprocal tariffs have been introduced on certain Indian goods exported to the US, these do not currently affect the pharmaceutical or electronics sectors.
Effective August 7, a 25 per cent reciprocal tariff has been imposed by the US on a selection of Indian exports, with a further 25 per cent ad valorem duty set to be applied to other products from August 27.
"No additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics as yet," Prasada said.
He also said the government is engaged with all stakeholders, including exporters and industry, for taking feedback of their assessment of the impact from the reciprocal tariffs imposed by the US.
"The government attaches utmost importance to protecting and promoting welfare of farmers, workers, entrepreneurs, exporters, MSMEs and all sections of industry," Prasada said.
It is estimated that about 55 per cent of India’s merchandise exports to the US are currently subject to these duties.
Prasada added that the government is actively consulting with exporters and industry representatives to assess the potential impact of these tariffs.
“The government attaches utmost importance to protecting and promoting the welfare of farmers, workers, entrepreneurs, exporters, MSMEs, and all sections of industry,” he said, according to the PTI.
India is also engaged in ongoing negotiations with the US on a bilateral trade agreement (BTA) aimed at enhancing trade and investment by ensuring tariff stability and long-term predictability. Since talks began in March 2025, five negotiation rounds have been completed. The sixth round is scheduled for August 24, when the US team will visit India, the news agency reported.
In a separate response, the minister mentioned that the Department of Commerce continues to monitor the impact of these additional tariffs and is working with stakeholders to mitigate their effects through export promotion and market diversification strategies.
(with PTI inputs)
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