The United States imposed new Section 301 tariffs on 60 countries, including India, on July 24, 2026, under Section 301 of the US Trade Act of 1974. Section 301 authorises the US Trade Representative (USTR) to impose tariffs or trade restrictions against countries with unfair trade practices or intellectual property violations. India-US bilateral trade is $190 billion+ (FY24), with the US being India's largest trading partner. India's key exports to the US include IT services, pharmaceuticals, textiles, and engineering goods. India expressed concern and said it would engage through diplomatic channels.
International
US Imposes New Section 301 Tariffs on 60 Countries Including India — Under US Trade Act 1974; Trade Tensions Rise
Key Points
- The United States imposed new Section 301 tariffs on 60 countries, including India, on July 24, 2026, under Section 301 of the US Trade Act of 1974
- Section 301 authorises the US Trade Representative (USTR) to impose tariffs or trade restrictions against countries with unfair trade practices or intellectual property violations
- India-US bilateral trade is $190 billion+ (FY24), with the US being India's largest trading partner
- India's key exports to the US include IT services, pharmaceuticals, textiles, and engineering goods
- India expressed concern and said it would engage through diplomatic channels
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• US Section 301 tariffs: 60 countries including India (July 24, 2026); US Trade Act 1974 • Section 301: allows USTR to impose tariffs against unfair trade practices + IP violations • India-US bilateral trade: $190 billion+ (FY24); US = India's largest trading partner • India exports to US: IT services ($100B+), pharma, textiles, engineering goods
