The United States has implemented a 50% tariff on certain Indian imports starting on August 27th. This measure, initiated by Donald Trump, targets India’s imports and is a response to India’s continued purchase of Russian oil. The US aims to put financial pressure on Russia to end the war in Ukraine. Key points include the absence of a required notification from either the US or India regarding the implementation itself. The Indian government may offer financial support to exporters and encourage them to find new markets. Exemptions from the tariff include several product categories, such as certain metals, vehicles, and pharmaceuticals. Prime Minister Modi has emphasized India’s commitment to self-reliance in response.
