A 50% US tariff on Indian garments, tied to Russian oil purchases, has shocked buyers and suppliers, prompting plans to shift production to countries like Ethiopia and Nepal
Analysts have largely attributed the selloff to the trade uncertainty triggered by Donald Trump's tariff-related policies
His tariffs are bringing in higher revenues, shielding American industry - and the markets remain unshaken
The imposition of a 50 per cent US tariff on Indian goods will impact exports of nine product categories, including shrimp, organic chemicals, apparel, and jewellery by 50-70 per cent, think tank GTRI said on Thursday. US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. The 50 per cent duty will come into effect from August 27. This is on top of the usual US import duties, called Most Favoured Nation (MFN) tariffs. This decision makes India one of the most heavily taxed US trading partners, worse off than China (30 per cent) or Vietnam (20 per cent), and on par with Brazil. GTRI, in its analysis, has categorised India's export segments in three categories- very high impact sectors (exports may be down by 50-70 per cent), high-impact sectors (exports may be down by 30-50 per cent), and low or no impact areas. In the first .
Nayara Energy has asked the Indian government for help with fuel shipping and payments after EU sanctions disrupted its operations and made it hard to find vessels and banking support
Reliance warns of refining margin pressure as US doubles tariffs on Indian goods to 50 per cent over Russian oil imports; 25 per cent came into effect on Thursday, second 25 per cent begins August 27
India slammed Trump's 50% tariff as unjustified; Canada, Brazil, and China also face new US trade actions, prompting strong backlash, WTO threats, and fresh retaliation
This is PM Modi's first response after Trump doubled India's tariff to 50 per cent over Russian oil imports, with the PM stressing India's agri-sector will not be compromised
India condemns new 25% duty on exports; total levy now at 50%; analysts expect talks before August 27 deadline
White House Trade Adviser Peter Navarro said US wants to impose tariffs on China without hurting its own economy
US President Donald Trump hinted at 'secondary sanctions' on other countries in response to India being singled out for these additional sanctions
The US imposes 25 per cent tariff on Indian imports from August 7; second 25 per cent duty over Russian oil trade kicks in August 27, raising total tariff to 50 per cent - highest among US partners
Labeling the tariff hike "unfair, unjustified, and unreasonable," India said it is being penalised for decisions also made by several other countries in their own national interest
US President Donald Trump has imposed an additional 25% tariff on Indian goods, citing India's continued import of Russian oil, effective August 27
What began in March 2025 as a push for reciprocal tariffs evolved into a months-long diplomatic tightrope, culminating in tariff actions and sharp remarks
New Delhi is now left with the surprise imposition of a 25 per cent tariff on Indian goods from Friday, along with unspecified penalties over oil imports from Russia
RBI Governor Sanjay Malhotra says global uncertainties were already factored in previous growth forecasts and that RBI will continue to monitor macro conditions before revising projections
Pharma stocks fell after Trump said tariffs will be imposed within a week, rising up to 250 per cent in 12-18 months
Trump's statement comes after India said that the US continues to import uranium hexafluoride from Russia for its nuclear industry, fertilisers, as well as chemicals
Trump's change in stance comes hours after he suggested imposing increased tariffs on additional countries buying energy from Russia, including China