$2.5-3 billion Indian exports to benefit from Trump tariff rollbacks

Indian exports are set to benefit to the tune of $2.5-3 billion on United States tariff exemptions, according to the Federation of Indian Export Organisations (FIEO), report.

According to the report, Indian agricultural exporters, particularly of high-value products, stand to gain as various food items are lifted from the impacted list.

“This order opens space for premium, specialty and value-added products. Exporters who shift towards higher-value segments will be better protected from price pressures and can tap rising consumer demand,” the report mentioned.

Among others, Indian agricultural exporters are among those who will make gains after US President Donald Trump exempted more than 200 food items, including beef (of which India is a major exporter), from his reciprocal tariffs on November 14, as per the report.

Among the items that will face immediate benefit in price due to the rollback include Indian exports of coffee, cashew nuts, tea and spices. “The move benefits Indian farmers and exporters of tea, coffee, cashew and fruits and vegetables,” a senior official involved in Indian farm export policy said.

India’s US-bound farm exports—focused on a few high-value spices and niche products — would register limited gains given its weak presence in key exempt items such as tomatoes, citrus fruits, melons, bananas and fruit juices.

Analysts say that the exemptions will help boost demand given that unlike Vietnam and the European Union who had 15-20% tariffs imposed by the Trump administration, Indian exports faced tariffs as high as 50% making it difficult to compete.

Notably, as of September 2025, Indian exports to the US fell to $5.43 billion after tariffs — by close to 12% year-on-year (YoY) after tariffs were raised from 25% to 50%. Of these, farm exports which are estimated to account for $5.7 billion of the India’s $87 billion worth exports to the US in 2024, were worst hit.