The U.S. will impose an additional 25% tariff on imports from India starting August 27, following a prior 25% tariff announced by President Trump as part of a broader set of tariffs affecting over 60 trading partners. The new tariff will apply to goods entering the U.S. after 21 days from the order’s date, with exceptions for products already in transit. The U.S. claims the tariff is necessary due to India’s imports of Russian oil, while India argues that its actions are aimed at ensuring stable energy costs. Ongoing trade discussions between the U.S. and India have not yet led to a concrete agreement.


Source: https://www.supplychaindive.com/news/trump-india-tariffs-increase-25-percent/756952/

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