The Department of Commerce has begun consultations with exporters, industry representatives, and other stakeholders to evaluate the potential impact of additional tariffs imposed by the United States on Indian goods, the Ministry of Finance informed the Lok Sabha on Monday.

According to Minister of State for Finance Pankaj Chaudhary, from August 7, 2025, a 25% reciprocal tariff has been applied to select Indian exports to the U.S., affecting an estimated 55% of the total value of India’s merchandise exports to that market.

The minister noted that the U.S. has levied such reciprocal tariffs, at varying rates, on imports from multiple countries. The extent of the effect on Indian exports, he said, would depend on several factors including product differentiation, quality, demand, and existing contractual obligations.

“The government places the highest priority on safeguarding the interests of farmers, entrepreneurs, exporters, and MSMEs,” Chaudhary emphasized. “All necessary measures will be taken to protect the country’s economic and strategic interests.”

Read More: Tweaks for Businesses and Investors In Income Tax Bill 2025