Washington: A new wave of U.S. tariffs on Indian goods took effect on Wednesday at 9:30 AM IST, doubling the total import duty to 50 percent across a broad range of products. The tariff hike, enforced by the U.S. Department of Homeland Security, is expected to significantly impact Indian exporters, particularly those operating in labor-intensive...
India has strongly condemned the United States’ decision to impose an additional 25% tariff on Indian imports, raising the overall levy to 50%, in retaliation for India’s continued purchase of Russian oil. The Indian Ministry of External Affairs (MEA) issued a sharp statement on Wednesday, calling the move “unfair, unjustified, and unreasonable,” while vowing to...
In a move that escalates trade tensions between Washington and New Delhi, U.S. President Donald Trump on Wednesday signed an Executive Order imposing an additional 25% tariff on Indian exports, raising the total levy to 50%. This drastic step follows U.S. concerns over India’s continued purchases of Russian crude oil, despite repeated warnings from Washington....