National/ International/ Business Desk
07 August 2025
Tv10punjab
US President Donald Trump has announced a sharp increase in tariffs on Indian goods, raising them from 25% to 50%. This move comes in response to India’s continued import of crude oil from Russia. According to the new order signed by Trump on Wednesday, the extra 25% tariff will come into effect 21 days later, on August 27. The earlier 25% tariff will start from August 7.
Trump stated that the Indian government is directly or indirectly buying oil from the Russian Federation, which poses a threat to America. As a result, Indian goods entering the US market will face higher taxes. Only a few items are excluded from this new rule.
This decision is expected to hurt India’s exports, especially in sectors like textiles, seafood, leather goods, jewelry, and machinery. India imports about 88% of its crude oil needs from abroad. In July alone, India imported around 5 million barrels of oil daily, out of which 1.6 million barrels came from Russia.
Now, Indian products will face the highest 50% tariff in the US market, equal to Brazil. Competing countries with lower tariffs may have an advantage. This move comes just before US trade officials are set to visit India for talks on August 25.