US EditionIndia Exporters Say 50% Trump Levy a 'Severe Setback'
INDIA, AUG 6 – The US imposed a 50% tariff on Indian goods as a penalty for buying Russian oil, impacting sectors like textiles and pharmaceuticals, amid claims of economic blackmail by Indian leaders.
- On August 6, 2025, US President Donald Trump increased duties on imports from India, raising the total tariff rate to 50%, and additionally imposed a 25% tariff targeting India's ongoing purchases of Russian oil.
- This escalation occurred after talks to finalize a limited trade agreement broke down and is linked to India's ongoing purchases of Russian military equipment and energy resources despite previous tariff measures.
- While most Indian exports face the hike, key sectors like pharmaceuticals and electronics, which together account for over $25 billion in exports, enjoy exemptions under a carve-out list.
- Rahul Gandhi called the 50% tariff “economic blackmail” aimed at bullying India into an unfair deal and urged Prime Minister Modi not to let national interests be overridden.
- India’s Ministry of External Affairs condemned the tariffs as unfair, unjustified, and unreasonable, vowing to protect national interests as the two countries continue negotiations on a broader trade agreement.
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Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses "not viable" after President Donald Trump ordered steeper levies totalling 50 percent on imported Indian goods.
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