In a draft notice published by the Department of Homeland Security, the United States outlined plans to impose a 50 percent tariff on Indian products, as Donald Trump had previously announced.
The notice is the latest indication that the White House intends to proceed with the increased levies, as efforts to broker a peace agreement between Russia and Ukraine appear to be stalled.
Key Highlights
- U.S. Department of Homeland Security issues draft notice; 50% tariffs on Indian goods begin August 27.
- Indian markets tumble as tariffs escalate; Nifty opens lower amid heightened trade tensions with the U.S.
The notice stated that the increased levies would apply to Indian products "that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 AM eastern daylight time on August 27, 2025."
US President Donald Trump announced earlier this month that he would double tariffs on Indian goods from 25% to 50% on purchases of Russian oil, with an implementation deadline of August 27.
By attempting to restrict Moscow's oil trade, the US hopes to put pressure on Russian President Vladimir Putin to sit down at the negotiating table and end the war in Ukraine. The Indian government has condemned the so-called secondary tariffs as unfair and has vigorously defended its interests.
Also Read: India Taps Trump-Linked Lobbying Firm to Tackle Looming 50% Tariff
Prime Minister Narendra Modi's message to the US regarding Donald Trump's tariffs
Prime Minister Narendra Modi declared on Monday that India will not compromise on the interests of farmers and small businesses. His remarks came as the prospect of 50% US tariffs on India loomed large.
"For Modi, the interests of farmers, cattle raisers, and small-scale industries are paramount. "The pressure on us may increase, but we will bear it all," the prime minister said at an event in Ahmedabad. He was in the city to launch a number of civic projects.
Modi claimed that India is empowered by 'Chakradhaari' Lord Krishna and 'Charkhadhari' Mahatma Gandhi.
External Affairs Minister S Jaishankar strongly defended India's energy policy on Saturday, stating that the country would continue to make decisions based on national interests and strategic autonomy.
Jaishankar contended that the US tariff issue was being misrepresented as a "oil dispute". He pointed out that the same criticism leveled at India for purchasing Russian energy did not apply to larger importers such as China and European nations.
