Overall trade in goods between India and the U.S. last year amounted to about $129 billion, the Office of the U.S. Trade Representative, or OTR, found. Top imports from India include apparel, chemicals, machinery and agricultural products.

The United States will impose a 25 percent tariff on Indian imports, President Donald Trump announced Wednesday, as the Friday trade negotiation deadline looms.

India is facing shock and dismay after the US imposed a surprise 25% tariff, with businesses and policymakers assessing the impact. Trump's remarks on India's trade barriers and alignment with Russia have sparked criticism and concern.