Explained: What Will a 50% Tariff on US Exports Mean for India?
The US government helmed by President Donald Trump announced on Wednesday that in addition to the 25% import tariff on Indian goods announced earlier, Indian exporters would also have to pay an additional 25% "penalty" because India continues to trade with Russia and import arms and oil from there. India's Ministry of External Affairs has responded by calling this move "extremely unfortunate", and said the US is acting against India while several other countries are also engaging with Russia in different ways, to protect their own national interest.
If a 50% tariff does come into force – as the Trump administration has said it will – on August 27, what will this mean for Indian producers and the economy? The Wire's founding editor M.K. Venu speaks to Jahnavi Sen about what to expect and how to read this situation.
This article went live on August eighth, two thousand twenty five, at nineteen minutes past twelve at noon.The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.
