ET Graphics: As Trump slaps 25% tariff & penalty, a look into how Indian exports to US have risen over the years

US President Donald Trump on Wednesday announced a surprise 25% tariff on Indian goods plus an unspecified “penalty” on New Delhi’s Russian weapons and energy purchases. India was one of the first few major economies to engage Washington in broader trade talks in February but, six months later, Trump’s sweeping demands and India’s reluctance to fully open its agricultural and dairy sectors have so far prevented New Delhi from sealing a deal. The new tariffs could complicate India’s goal of doubling bilateral trade with the US to $500 billion by 2030. The US is the most important export market for India, accounting for nearly 20% of the country’s total merchandise exports in FY25. Here’s a look at how Indian exports to the US have risen over the years...