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.
86 Articles
86 Articles
Steep 50% tariffs to severely impact shrimp, apparel, diamonds, footwear exports to US - The Tribune
Exporters say the imposition of a 25 per cent penalty on India over and above the 25 per cent tariffs move will disrupt the flow of Indian goods to its largest export market.
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