India's merchandise trade deficit edges up to $25 bn in December

India's merchandise trade deficit widened slightly to $25.04 billion in December as high tariffs imposed by US President Donald Trump continued to pressure exporters. India's merchandise exports were $38.51 billion in December, while imports rose to $63.55 billion. Exports to US remained firm despite these tariffs, edging down to $6.89 billion in December from $6.92 billion in November.