印度国际经济关系研究理事会（ICRIER）：2026年美国关税一年：印度出口模式的变化报告（英文版）

The financial year 2025-26 marked the first full year of trade between India and the United States of America under the reciprocal tariff regime, introduced by the U.S. administration on April 2, 2025 through Executive Order 14257 - the most far-reaching U.S. tariff action in nearly a century. India was initially subjected to a 26% reciprocal tariff under a regime that underwent several revisions over the course of the year. These tariffs were particularly important for India given its overde